Australia’s energy price caps and planned export controls threaten to stifle investment and upset relationships with key trading partners, as one of the world’s biggest gas exporters acts to cushion consumers from rising prices. Prime Minister Anthony Albanese’s government this month proposed introducing laws giving it the right to limit exports in response to rising concerns about domestic supply. It introduced in December temporary price caps on uncontracted gas and a mandatory code of conduct that would enforce the sale of gas at a “reasonable price”. Analysts and businesses warn that these interventions could have serious consequences for liquefied natural gas investment as well as trading relationships with countries including Japan and South Korea. Australian gas last year accounted for more than 42 per cent of Japan’s LNG imports, 34.5 per cent of China’s and 22 per cent of South Korea’s, according to consultancy EnergyQuest and official trade statistics. Click here to read full article