Australia mulls LNG export controls
The recent energy supply crisis has resulted in a political backlash against the nation’s gas exporters
The Australian government is considering measures to restrict exports of LNG. But the country’s gas industry is urging caution. Competition watchdog the Australian Competition and Consumer Commission (ACCC)—which has overlapping staff and facilities with the national energy market overseer, the Australian Energy Regulator—issued a forecast predicting the country’s populous east coast could face a 56PJ gas supply shortfall in 2023. The outlook “has significantly worsened” says ACCC chair Gina Cass-Gottlieb, and the commission is "recommending the resources minister initiate the first step of the Australian Domestic Gas Security Mechanism [ADGSM]". The mechanism is “a measure of last resort wh

Also in this section
7 July 2025
The end of Grangemouth and Lindsey oil refineries marks a worrying trend across Europe amid cost and transition pressures
3 July 2025
The July/August 2025 issue of Petroleum Economist is out now!
2 July 2025
The global energy community will converge in Dubai on 10 December for a landmark event dedicated to shaping the future of natural gas across the region
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results