“The mandate will come into effect from July next year…adding that it will affect three companies with LNG facilities on the east coast of Australia: Shell, Santos, and Origin Energy. The mandates will not interfere with long-term LNG export contracts, concerning instead spot market sales and prospective contracts, according to Australia’s energy minister.”
“The energy industry is far from thrilled with this good policy, however. The idea of gas reserve mandates first emerged in 2017, leading to the Australian Domestic Gas Security Mechanism aimed at making sure one of the top global exporters of liquefied natural gas did not suffer shortages at home.”