Australia Watchdog Takes Aim At LNG Exporters

Australia Watchdog Takes Aim At LNG Exporters

Australia’s competition watchdog said on Wednesday the country’s east coast gas exporters have not done enough to shore up local supply, in a warning shot ahead of a decision by the government on whether to curb LNG exports in 2018.

The comments by Australian Competition and Consumer Commission Chairman Rod Sims hint at what the watchdog may recommend to the government, which is due to decide by Nov. 1 whether to limit LNG exports, based on reports from the commission and the Australian Energy Market Operator.

“The gas supply outlook in 2018 now appears worse than at the time of our first gas report in March 2016,” Sims said in a speech in Canberra. Read More…

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