On 1 August 2022, Australia’s minister for resources announced the start of a process that could lead to the government invoking the Australian Domestic Gas Security Mechanism (ADGSM), which would allow it to restrict LNG exports to ensure domestic needs are met. This came in response to a regulatory assessment projecting a potential shortfall of 56 petajoules (PJ) (1.4 Bcm, 1.0 MMt) in eastern Australia in 2023.
Will a voluntary arrangement with LNG exporters in Queensland be sufficient to avert the activation of ADGSM?
Read on to find out the implications for 2023 and the long-term outlook for Eastern Australia.
Will a voluntary arrangement with LNG exporters in Queensland be sufficient to avert the activation of ADGSM?
Read on to find out the implications for 2023 and the long-term outlook for Eastern Australia.
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