Loading…
Australian Prime Minister Malcolm Turnbull announced a Domestic Gas Security mechanism allowing government to impose LNG export controls when domestic gas is short. Gas exporters pledged higher domestic supplies, while Santos shares fell and the industry criticized the restrictions.
Export curbs could redirect Australian gas away from LNG toward domestic markets, easing regional gas prices but tightening the LNG balance that sets international gas benchmarks.
sbs.com.auApr 27, 2017After 13 past neutral policy events, Natural Gas moved a median -1.3% over 5 sessions (46% higher; middle half -4.9% to +2.7%), and +2.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
