Gas producers warn the Albanese government is ignoring major Asian trading partners’ increasing demand for LNG, with a discussion paper that makes reducing demand faster than supply will fall the centrepiece of its strategy during the energy transition.

The paper, released by Resources Minister Madeleine King on Tuesday, names the key objectives of the strategy as supporting the decarbonisation of Australia’s economy; promoting Australia’s energy security and affordability; maintaining trade relationships; and helping trading partners reach net zero.