Australia softens east coast gas reservation rule for LNG exporters to start in 2028
Australia relaxed a proposed rule that would have forced energy exporters to reserve a fixed 20% of natural gas for the east coast market. Instead, exporters must reserve up to a fifth of production, with the start delayed to 2028, Energy Minister Chris Bowen said.
Australia on Thursday relaxed a proposed east coast gas reservation rule that would have required energy exporters to set aside a fixed 20% of natural gas for the east coast market, instead allowing them to reserve up to a fifth of production. Energy Minister Chris Bowen said exporters could provide up to 2…