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Australia is about to overtake Qatar as the world's largest exporter of liquefied natural gas. But most Australians face escalating power bills because state governments have restricted further gas exploration and no new coal-fired power stations are being built to replace aging generators that will soon be decommissioned.
The government will introduce new regulations from July that will require energy companies such as ExxonMobil, Shell, Santos and Origin to give Australian customers priority access to gas supply before it is exported.
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