Industrial gas users, including the Australian Industry Group, have praised the plan while the natural gas industry has stated its strong opposition to the measure. The answers lie in the details of the Australian gas market and the reasons behind the shortages and high domestic prices of natural gas. Australia’s Natural Gas Market & LNG Export RestrictionsOver the past decade Australia has experienced a rapid rise in natural gas production and is expected to continue on an upward trajectory. Currently, natural gas is one of the country’s largest natural resources (after coal and uranium). Half of Australia’s natural gas produced today is exported and this proportion is predicted to grow by 2030s to circa 2/3 .

Source: Forbes July 05, 2017 18:45 UTC