Australia, the world's top liquefied natural gas exporter, on Tuesday said ...
MELBOURNE - Australia, the world’s top liquefied natural gas exporter, on Tuesday said it would consider forcing gas producers to reserve some supply for the domestic market, as it looks to cut energy bills for households and manufacturers.
Australian conservative and Labor governments have long resisted calls for domestic gas reservation on the view that interfering in the market could distort prices and deter new production in the long run. Any gas reservation would not affect the state of Western Australia and would only apply to future developments, Canavan said in a televised media conference.
Gas-reliant manufacturers, such as chemicals makers, steel makers and food processors, have long called for gas reservation to boost supply as soaring energy prices have hurt profits and led to plant closures.
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