Aussie LNG export limits to hit Santos hardest

The decision to limit LNG exports during periods of high demand is challenging for Santos, but the mechanism may face legal challenge
By Sally Bogle 22 June 2017
Construction at Santos’s GLNG project. (Santos)

The Australian government’s efforts to restrict LNG exports will take a heavy toll on Santos, operator of Gladstone LNG (GLNG), sources have told Interfax Natural Gas Daily.

Queensland’s LNG plants will be required to restrict exports during periods of high domestic gas demand from 1 July 2017, following the introduction of an emergency policy by Prime Minister Malcolm Turnbull aimed at capping soaring gas and power prices for consumers in eastern Australia.

The Australian Domestic Gas Security Mechanism (ADGSM) gives the federal government powers to claw back...

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