en.Wedoany.com Reported - Australian Minister for Climate Change and Energy Chris Bowen announced the details of the government's gas reservation policy in Sydney on the 7th, requiring liquefied natural gas exporters to reserve 20% of new supply for the domestic market.

Bowen stated that the new policy will apply to all newly signed contracts and spot transactions starting from July 1, 2027.

He said the policy will put "downward pressure" on prices. At the same time, "it will, to some extent, decouple Australian gas from international price fluctuations."

Australian Minister for Northern Australia and Resources Madeleine King stated that the gas reservation policy will ensure Australia has a stable and long-term policy framework, so that domestic gas market prices are no longer subject to the international market.

Reuters reported that Australia is one of the world's largest LNG exporters, exporting more gas than it consumes domestically.

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