Why Australia can’t get at its huge gas reserves

A decade after the shale revolution transformed the U.S. energy landscape, Australia — poised to overtake Qatar as the world’s biggest exporter of liquefied natural gas — is experiencing its own quandary over natural gas. While the country is endowed with some of the world’s largest reserves of the fuel, a drive to export gas to energy-hungry customers in Asia has spawned a crisis at home. As it currently stands, Australia’s most-populous eastern states won’t have sufficient gas to power their own generators next year, reports Bloomberg.

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