Shell Slams Australia's Plan to Force LNG Producers to Supply Domestic Market

Shell has spoken out against a plan by the Australian government to ensure domestic gas supply by mandating LNG producers to reserve certain volumes of their output for domestic use. “Fundamentally, it's a sledgehammer to crack a nut. And it is an extraordinarily heavy-handed intervention into a market that is actually working well,”

Shell Australia’s chairwoman, Cecile Wake, said at an industry event in Australia, as quoted by Reuters. The proposal for building a domestic gas reserve was first tabled in May this year, in response…