Policy & Regulation

Top producers agree to increase gas to Australia’s domestic market

Top gas producers including ExxonMobil and Shell have agreed to increase supplies to Australia's domestic market to help avert future gas shortages.
By Staff reporter 15 March 2017 0 25062

Following crisis talks with Australia’s Prime Minister Malcom Turnbull, top gas producers including ExxonMobil and Shell have agreed to increase supplies to the country’s domestic market to help avert future gas shortages.

Gas exports from the three huge Australian LNG projects could result in a potential domestic gas shortage from 2019, according to government authorities.

"We are a massive gas exporter. It is utterly untenable – unacceptable – for us to be in a position where domestic gas consumers [...] cannot have access to affordable gas," Turnbull...