May 2024

Independent senator David Pocock, Australia Institute Executive Director Richard Denniss, Australia Institute Climate and Energy Advisor Mark Ogge and Independent Member for Kooyong Monique Ryan at a press conference at Parliament House in Canberra, Thursday, May 30, 2024. (AAP Image/Mick Tsikas) NO ARCHIVING

Great Gas Giveaway Press Conference | David Pocock, Monique Ryan, Richard Denniss

Australia Institute research has found that 56% of gas exported from Australia attracts zero royalty payments, effectively giving a public resource to multinational gas corporations for free. Around 80% of Australia’s gas is exported as liquefied natural gas (LNG). Most of this gas is extracted from gas fields in Commonwealth waters, but the Australian Government

April 2024

Wednesday, January 22, 2020, Santos Liquefied Natural Gas plant in Darwin. (AAP Image/Supplied by Santos)

What is the PRRT?

by Jack Thrower

Gas extraction is often lauded by the industry as the ‘backbone of the Australian economy’, but the actual revenue collected from one of the main taxes on the industry falls staggeringly short of what most people would expect. Find out why this is the case – and what we can do to fix it.

General Enquiries

Emily Bird Office Manager

02 6130 0530

mail@australiainstitute.org.au

Media Enquiries

David Barnott-Clement Media Advisor

0457 974 636

david.barnott-clement@australiainstitute.org.au

RSS Feed

All news