Australian Prime Minister Malcolm Turnbull introduced a new plan on Thursday to restrict east coast LNG exports, which are said to be responsible for high domestic gas prices, The Sydney Morning Herald reported.
Turnbull’s announcement was made following unsuccessful meetings in March and April with gas exporters including Santos, Origin, ExxonMobil and Shell.
The restriction, introduced as an "Australian domestic gas security mechanism", would allow Australia’s resources minister to impose export controls on companies when there is a gas supply shortfall.
"By ending the shortage, and...
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