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Santos Urges Action to Prevent Domestic Gas Shortage

9 Sep

Summary

Santos Ltd. warns of impending domestic gas shortfall.
New regulations proposed to encourage investment in gas assets.
A gas reservation scheme is set to begin in July 2027.

Santos Ltd., a leading Australian natural gas exporter, is calling for regulatory changes to spur investment in new assets. The company warns these measures are crucial to avert a domestic shortfall and maintain adequate supply for global markets.

Currently, Australia faces a critical juncture regarding its energy supply. A new gas reservation scheme is scheduled to be implemented in July 2027. This initiative aims to mandate producers to reserve a portion of their output, thereby securing future domestic needs while continuing to serve international clients. This forward-looking policy seeks to balance energy security with export capabilities.

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