Australia to restrict gas exports due to domestic shortage
June 21, 2017
CANBERRA, Australia (AP) — Australia's government will restrict gas exports from next year in an effort to contain soaring energy prices in the domestic market, the prime minister said Tuesday.
Australia is about to overtake Qatar as the world's largest exporter of liquefied natural gas. But most Australians face escalating power bills because state governments have restricted further gas exploration and no new coal-fired power stations are being built to replace aging generators that will soon be decommissioned.
Prime Minister Malcolm Turnbull said the government would not tolerate custo...