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ABC News
ABC News
Business
political reporter Tom Lowrey

The federal government already has a windfall tax on gas profits. But while gas prices soar, is the tax doing its job?

Australia PRRT Gas Prices Richard Holden Oil Tennant Reed

There's rarely been a better time to be an Australian gas exporter.

The war in Ukraine has seen demand for Australian gas soar, and pulled prices skyward with it.

And Australia has plenty of gas to offer — it is one of the world's largest LNG exporters, and those companies selling gas to the world are in a prime position to capitalise.

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