Core Viewpoint - Australia is seeking to balance domestic gas supply shortages with lucrative export opportunities, leading to widespread support in the energy sector for a new policy requiring gas producers to reserve a portion of their output for the domestic market [1] Group 1: Industry Response - Major companies like Santos Ltd., Shell Group, and Woodside Energy Group have submitted evaluations to the government, advocating for the domestic gas reservation policy to be combined with supply incentives and infrastructure investment support [1] - Santos supports a "reasonable" gas reservation scheme for new projects, while Shell is open to a well-designed system if it aligns with broader regulatory reforms [1] - Woodside emphasizes that any related policy should be tailored to local conditions based on regional specifics [1] Group 2: Current Market Context - Australia is the world's largest LNG exporter, accounting for about 20% of global exports, primarily to Asian buyers [1] - LNG producers are projected to earn approximately AUD 67 billion (USD 44 billion) through exports by the fiscal year ending June 2025, facing criticism for prioritizing higher profits from exports over domestic supply [1] - There are currently 10 gas export projects in Australia, with 4 located in Western Australia, the only state implementing a gas reservation policy, which mandates a maximum of 15% of production for the domestic market [2] Group 3: Government Review - The Australian government is reviewing core domestic gas market rules, including sales mechanisms to local buyers and export quota controls for East Coast LNG producers [2] - The review aims to explore long-term policy adjustments to encourage industry investment and ensure national energy security, with a final report expected by the end of the year [2]