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Japanese firms earn billions reselling Australian LNG, causing potential gas shortages in Australia.
Japanese energy firms are reportedly earning up to $1 billion by reselling Australian liquefied natural gas (LNG) to countries like Taiwan and South Korea, while Australia faces potential domestic gas shortages.
According to the Institute for Energy Economics and Financial Analysis, Australia provides around 40% of cargos for Japan's third-party trade, with an estimated 600-800 petajoules on-sold annually.
The study suggests setting aside more gas for local use in Australia to protect consumers and the economy from the negative impacts of excessive energy exports.
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Las firmas japonesas ganan miles de millones revendendo GNL australiano, causando una posible escasez de gas en Australia.