“Australia’s government intends to consider using emergency powers to protect domestic natural gas supply in case of a shortfall on its east coast in the third quarter of 2026.”
“The potential consideration of using such powers would be part of the steps the Albanese Government is taking to secure domestic gas supplies for Australian households and industry as the Middle East conflict disrupts global energy markets.”
“Australia remains a reliable gas supplier to international partners, but if there is a risk of domestic supply shortfall, Australians will be priority for energy supplies during the disruption on the global markets caused by the war in the Middle East, the minister said.”
“Apart from gas supply, Australia has moved to protect consumers from soaring fuel prices. Early this week, the government halved the fuel excise on gasoline and diesel for three months in a bid to alleviate financial stress from spiking fuel prices.”