Australia is set to unveil the final version of a controversial plan to force liquefied natural gas producers to reserve as much as a fifth of their output for local buyers.

Australia is set to unveil the final version of a controversial plan to force liquefied natural gas producers to reserve as much as a fifth of their output for local buyers.

Australia’s data-center boom is running into growing community resistance, with Goodman Group scrapping plans for a 24-hour facility in suburban Sydney after a backlash from local residents.

Liquefied natural gas buyers are accelerating discussions to buy more fuel from the US as the Iran war and turmoil over the Strait of Hormuz forces them to seek alternatives to suppliers in the Middle East.

Australia eased plans to force liquefied natural gas exporters to reserve supplies for domestic users, replacing a fixed requirement with an annual cap based on demand.

US tech titans are interested in building data centers in Australia, drawn by its green grid and proximity to Asia, as they face a growing backlash at home, according to AirTrunk Operating Pty Ltd.

Australia’s Northern Territory started commercial production from the nation’s first shale gas wells, as a debate rages between the sparsely populated region and the federal government on whether fossil fuels should be used to power a wave of data centers.

Australia sees data-center electricity use rising almost sevenfold over the next decade, highlighting the need for investment in generation and storage as the nation’s aging coal plants are retired.

Origin Energy Ltd.  shares rose the most in six months after full-year profit beat analyst estimates, and the uptake of electric vehicles and home batteries in Australia accelerated.

A regional environmental regulator in Australia has recommended tougher license conditions for two liquefied natural gas export facilities operated by Inpex Corp. and Santos Ltd.

Woodside Energy Group Ltd., Australia’s biggest natural gas exporter, said output slumped by more than a quarter in the three months through June after a cyclone that impacted operations and planned maintenance at its Pluto export plant.

About 900,000 current and former Origin Energy Ltd. customers had their data accessed in a security breach, the latest in a string of cyberattacks on major Australian companies and essential-service providers.

Australia’s liquefied natural gas exporters should be riding high on a A$20 billion ($14 billion) sales windfall from the conflict in the Middle East. Instead, their good fortune has triggered a wave of public backlash.

Power demand from data centers is poised to surge over the next quarter-century, adding to an almost doubling of electricity consumption across Australia’s main grid by 2050, according to the network operator’s latest road map.

French renewables developer Neoen SA expects to spend about A$10 billion ($7 billion) to more than double its Australian portfolio to 10 gigawatts by 2030.

Liquefied natural gas prices are set to climb to levels not seen in more than three years as hotter weather in Asia and restocking needs in Europe boost demand, according to Morgan Stanley.

Industry players and pension funds are among the suitors eyeing a stake of 50-60% in BlackRock-backed Australian battery developer Akaysha Energy Pty Ltd., according to people with knowledge of the matter.

Industry players and pension funds are among the suitors eyeing a stake of 50-60% in BlackRock-backed Australian battery developer Akaysha Energy Pty Ltd., according to people with knowledge of the matter.

BP Plc has agreed to dilute its stake in the A$48.7 billion Browse natural gas project by selling 5% to South Korea’s GS Energy Corp.

Additions of renewable energy, lower use of fossil fuels and accelerating adoption of electric vehicles cut Australia’s annual greenhouse gas emissions by about 2%, helping to ease concerns the nation — one of the world’s top per-capita polluters — will miss climate targets.