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The Guardian - AU

National

Patrick Commins Economics editor

Predicted $27bn wartime windfall for Australian LNG exporters reignites calls for new gas tax

David Pocock Australia United States

Independent senator David Pocock — Independent senator David Pocock says ‘our campaign for a gas tax isn’t going away’. Photograph: Lukas Coch/AAP

Australia’s giant LNG exporters are set to enjoy a $27bn boost to their revenues due to the Middle East conflict, according to new government estimates already being used to push for higher gas taxes.

Despite being among the three biggest LNG exporters in the world, Australia collects relatively little tax compared to other resource-rich nations such as Norway and Qatar.

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