Shell described the proposed reserve requirements as a "sledgehammer" that risks triggering market failure. The regulation, which targets feared energy shortages on the nation's east coast, is scheduled to take effect in 2028 and would require producers to reserve up to 20% of their output for domestic use.
Tuesday, October 20, 2026
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Australia Forces A$70B LNG Industry to Boost Domestic Gas Supply
Commodities7 days ago
The government in Canberra has filed legislation that would mandate higher levels of fuel delivery to the home market from liquefied natural gas producers. The move targets an export industry valued at A$70 billion ($49 billion), though industry participants warn that forcing a shift in supply could deter future capital investment in new gas fields.
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