Australia positions itself as stable LNG supplier amid Middle East crisis. As the US-Israeli conflict with Iran disrupts global energy markets, Qatar has suspended operations at the world's largest liquefied natural gas export facility, while shipping through the Strait of Hormuz has nearly halted. This has sent oil and gas prices soaring. Australia's Resources Minister Madeleine King addressed the Indo-Pacific Energy Security Ministerial in Tokyo, emphasizing Australia's reliability as an energy supplier and calling for increased investment in its gas resources. However, Australian LNG faces headwinds as major buyers reshape portfolios. Japanese firms Jera and Tokyo Gas have divested from Australian projects, with Tokyo Gas shifting focus to US investments. Shell is also exploring the sale of its North West Shelf stake.
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