Japan and Korea have urged Australia to manage potential gas export curbs in a way that will not damage their long-standing trading relationships.
| Japan and South Korea, two of Australia’s key trading partners, have sought assurances from the Labor government that it will not divert crucial gas exports needed to power their economies for domestic use amid growing concern in the region about crippling power shortages.
and develop new plants to reduce the country’s reliance on energy imports. The switch to nuclear a decade after the Fukushima disaster was triggered by the threat of blackouts and a surge in energy prices due to the Ukraine war.South Korea, the world’s third-biggest importer of LNG, is also looking to buy more gas to top up stockpiles.
“Australia is Korea’s second-largest supplier of LNG while Korea is a steady investor in Australia’s LNG infrastructure through the Korea Gas Corporation ,” the ministry said in a statement.
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