“Extraordinary” No royalties paid on 56% of gas exported from Australia | Video
Gas companies are meant to pay royalties for the right to extract and sell Australian gas. But no royalties are paid on 56% of gas exported from Australia. Report author Mark Ogge joined ABC News to discuss.
A new report from the Australia Institute, Australia’s Great Gas Giveaway, shows that over the last four years, multinational companies made $149 billion exporting royalty-free gas.
Australians have missed out on at least $13.3 billion in revenue that could have been raised over the last four years had royalties been charged on royalty-free gas.
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
What’s the point of a gas exports tax?
On this episode of What’s the Point?, Richard Denniss discusses how global gas industry has pulled off the greatest con in Australia’s history, and why Australians are living with the consequences. He spells out the simple steps we need to take to fix it. This episode was recorded on Friday 10 July. Host: Richard Denniss,
The great gas rip off: how the government can stop us all getting burned
The Albanese government could soon intervene to start fixing one of the biggest ongoing public policy fiascos in this country’s history: Australia’s rampant, uncontrolled gas export industry.
Australians want nothing more than a fair return for their gas: submission to Senate Inquiry
Australia’s gas exporters pay little tax or royalties, employ few people, push up gas and electricity prices and worsen the climate crisis, a Senate Inquiry has been told.