Europe Asia News

Australian Prime Minister Anthony Albanese announced new decisions aimed at increasing the share of the country’s natural gas resources allocated to local consumption.

Providing information about the scope of the implementation, Albanese said, “Australia is introducing a domestic natural gas reservation system. Twenty percent of natural gas exports will have to be allocated to the domestic market.”

Assessing the expected economic effects of the system, Prime Minister Albanese stated, “This will provide investment certainty, put downward pressure on domestic natural gas prices, and improve energy security.”