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 has failed to levy royalties on gas feeding six of the seven offshore gas LNG export terminals operating in Western Australia and the Northern Territory.
Overall, this means over half the gas exported from Australia is royalty free.
Press conference at Parliament House featuring:
- Senator David Pocock – Independent for the ACT
- Dr Monique Ryan MP – Independent Member for Kooyong
- Dr Richard Denniss – Executive Director, the Australia Institute
- Mark Ogge – Principal Advisor, the Australia Institute
Recorded 11:30am, Thursday 30th May
Related research
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Australia’s Great Gas Giveaway | Between the Lines
This edition: Independents call out the gas industry and Australia’s consultant addiction continues
6 gas facts to help you cut through fossil fuel spin
There’s a lot of misinformation in the debate surrounding Australia’s gas industry. To be clear: the world cannot afford for new gas projects (or any other fossil fuel projects) to be opened if we want to avoid dangerous climate change.
Should Australia ban fossil fuel advertising?
A tobacco-style ban on fossil fuel advertising would be a decisive win for Australia – and the climate.