In April 2017, Turnbull announced that he would use the Commonwealth government's powers to place export restrictions on the nation's liquified natural gas ("LNG") industry. He announced that these changes were in response to the high wholesale gas prices that were a result of a shortage of gas in the domestic gas market and that it was 'unacceptable' that domestic prices were so high, indicating a consequence of these restrictions would be a decrease in the wholesale gas price. The multinational gas companies and the gas industry association heavily criticised the policy saying that it would neither increase supply or reduce the wholesale price of gas.
