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LNG exporter Australia shifts focus to meeting demand at home

Energy companies respond to decarbonization drive, shortage concerns

Squadron Energy aims to bring its LNG terminal at Port Kembla, near Sydney, online in 2023. (Photo courtesy of Squadron Energy)

SYDNEY -- Energy companies in Australia, one of the world's largest exporters of liquefied natural gas, are racing to build infrastructure for domestic supply amid higher prices and rising demand that have changed the profitability picture.

One such project, Squadron Energy's Port Kembla LNG terminal near Sydney, is getting close to launch, according to the company.

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