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RUSSIAN FOREIGN MINISTRY: DIPLOMATS SHOULD HEED DEFENCE MINISTRY'S PREVIOUS WARNING OF MASS STRIKE IF KYIV HITS MOSCOW AND TRIES TO DISRUPT MAY 9 VICTORY DAY CEREMONY

Australia will require liquefied natural gas exporters to reserve 20% of new supply for the domestic market from July 1, 2027, aiming to curb prices and prevent shortages on the east coast, Energy Minister Chris Bowen and Resources Minister Madeleine King said. The rule will apply to new contracts and spot market sales and mainly affect Queensland LNG projects including Australia Pacific LNG, Gladstone LNG and QCLNG, involving shareholders such as ConocoPhillips, Shell plc, Origin Energy and Santos Ltd. Australia was the world’s third-largest LNG exporter last year, with all 10 export terminals located in western and northern regions, while east coast gas fields are declining and new projects face opposition. The policy follows the government’s decision to drop plans for new gas export taxes in the upcoming budget.