Santos Commits to Ending Domestic Gas Dipping for LNG Exports

Australia's energy giant Santos has made a commitment to stop taking gas from the domestic market for its massive LNG exports at the Gladstone plant in Queensland.

The move comes as the federal government prepares the final stages of the gas reservation scheme, which requires LNG producers to sell 20% of their exports to the domestic market.

Santos' chief executive Kevin Gallagher said that the company's Gladstone Liquefied Natural Gas (GLNG) project would not contract any third-party gas going forward and would meet its commitments through other means.

Critics have long argued that Santos' GLNG project has distorted the east coast gas market, driving up prices and causing shortfalls in domestic supplies.