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Australia and its volatile future as an LNG superpower

Turnbull government prioritizes home market, launches export controls

The Santos-operated Gladstone LNG project in Queensland, Australia (Courtesy of Santos)

SYDNEY -- Australia is expected to overtake Qatar to become the world's largest exporter of liquefied natural gas in 2019, but a political risk has emerged that is casting a dark cloud over the resource-rich nation's future as an LNG export superpower.

The government of Prime Minister Malcolm Turnbull introduced a new energy policy this month to prioritize the domestic gas supply and regulate LNG exports.

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