It is expected to halve again by 2028, reaching just 0.6% of revenue, meaning WA’s motorists will pay 6x more in vehicle registration than the oil and gas industry pays in royalties.

When considering WA’s tiny and shrinking revenues from oil and gas, it is important to remember that WA is an internationally significant gas producer. If it were a country, WA would be the world’s third largest exporter of liquefied natural gas (LNG), behind only the USA and Qatar. The multinational companies that export LNG from WA made revenue of $56.3 billion in 2022-23, more than WA Government revenue ($43.6 billion in that year).

Despite the volume of gas produced and the huge export revenue, WA Government figures show that the WA community sees very little in return.

The gas industry has ripped of Western Australians for too long. The WA and Australian governments have an opportunity to raise far more money from oil and gas production