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
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