Australia to Reserve Domestic Gas Supply Amid LNG Price Surge

Australia's Labor government will reserve part of its gas output for domestic use to shield households and businesses from surging LNG prices, driven by Middle East conflict and Strait of Hormuz disruption. The scheme, to be finalized by Resources Minister Madeleine King, follows industry pushback and marks a significant intervention in the energy market. This could tighten global LNG supply and signal a shift toward protectionist energy policy in a major exporter.