Potential curb on Australian LNG exports is another blow to Asia-Pacific gas markets
- Asia-Pacific has been suffering months of tight LNG supplies and soaring prices in the region due to competition from European buyers looking to replace restricted Russian gas.
- The Australian Competition and Consumer Commission called for Canberra to protect domestic gas supplies and curb exports after projecting the east coast of the country could suffer a shortfall next year.
- This could make things tough for new LNG importers such as the Philippines looking to buy their first shipments this year.
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