Australia is a big exporter of natural gas. Around 80% of gas extracted is exported as liquefied natural gas (LNG), the gas industry pays ZERO royalties on more than half (56%) of what is exported. Western Australia exports 90% of the gas extracted, whilst the very profitable multinationals within the industry, Chevron, Exxon, Santos, Woodside and Shell pay little in the way of royalties and taxes to both state and federal governments. When compared to what other large gas exporting countries receive, for example Qatar, Australians are paid a pittance with this huge rip off!

As the war in the Middle East drags on, the multinational gas giants are reaping mega profits, while ordinary Australians are paying through the neck! Its time theses corporations paid their fair share through a 25% export tax. Such a tax would generate $17 billion a year, money which could be directed towards relief for Australians with their cost of living. It would prioritise domestic gas supply during the renewable energy transition and ensure energy sovereignty for Australia into the future.

Hi Paul,
I saw something about this the other day but haven't dug into it.

The Gas Cartel is Panicking | The West Report
http://youtu.be/YxxuWVYrUog

Hi AC

This is interesting, the Little Johnny Howard long term gas deal with Japan.

"Japan has become a major reseller of Australian Liquefied Natural Gas (LNG), with companies re-exporting substantial volumes—estimated at 627–812 petajoules in 2024—to third-party countries. Often, this involves reselling contracted, relatively cheap Australian gas to high-value markets like Taiwan and South Korea, generating over AUD$1 billion in annual profits for Japanese companies"

Apparently it's been that way for years, Australian consumers pay more than the Japanese do for our own Aussie gas, or so I was told, years ago.

Hi AC,

Its an established fact that Little Johnny Howard was one of the biggest dills ever to be given the keys to The Lodge. His Japanese Gas Deal, was the most ridiculous trade deal imaginable, only outdone by Menzies selling pig iron to Japan in the 1930's. The Liberals must have something going with the Japanese! Me thinks the Japanese get them pissed on Sake by the Geisha Girls, and then have them put their "X" on the dotted line, I can't think of any other explanation for their stupidity.

Howard signed up Japan to take the gas for 5 cents / lt. He sold his backside to foreigners without any thought for AU.