New policy requires liquefied natural gas projects to allocate a fifth of output to local buyers, easing supply concerns.
Australia will mandate liquefied natural gas exporters to supply 20% of their production to the domestic market. The policy aims to secure energy supplies amid rising local demand and price volatility.
The move follows years of criticism that LNG projects prioritized exports over domestic needs, leading to shortages. Similar measures were debated in 2022 but not enforced until now.
Analysts expect the rule to tighten global LNG supply marginally, potentially supporting spot prices in Asia-Pacific markets.