Rod Campbell

3 weeks ago | australiainstitute.org.au | Matt Saunders |Rod Campbell

A 50-year extension to the North West Shelf (NWS) project in Western Australia would see huge amounts of gas given away with no return for Australians. While the exact volume and value is hard to predict, a basic estimate is that up to $215 billion worth of gas could be given away, royalty-free. The NWS liquefied natural gas facility, specifically the Karratha Gas Plant, producers up to 18.6 mega tonnes of LNG each year.

1 month ago | thenewdaily.com.au | Matt Saunders |Rod Campbell

A 50-year extension to the North West Shelf (NWS) project in Western Australia would see huge amounts of gas given away with no return for Australians. While the exact volume and value is hard to predict, a basic estimate is that up to $215 billion worth of gas could be given away, royalty-free. The NWS liquefied natural gas facility, specifically the Karratha Gas Plant, producers up to 18.6 mega tonnes of LNG each year.

1 month ago | australiainstitute.org.au | Matt Saunders |Rod Campbell

Over the past 10 years $125 billion worth of liquified natural gas was exported from Gladstone in Queensland. None of the relevant entities have paid company tax in that time, with just one exception. Clearly, Australian policy settings on energy and tax are out of order. No new fossil fuel projects should be going ahead, and far more money should be being raised from the existing projects to help pay for the rising costs of climate-linked disasters.

1 month ago | australiainstitute.org.au | Mark Ogge |Matt Saunders |Rod Campbell

Companies exporting liquified natural gas from Australia have made windfall profits close to $100 billion since 2022, when energy prices spiked because of Russia’s invasion of Ukraine. Most of these profits are based on royalty-free gas and no Petroleum Resource Rent Tax was paid. At best, $20 billion in company tax was paid on this windfall.

2 months ago | australiainstitute.org.au | Mark Ogge |Rod Campbell |Matt Saunders

Over half of Australia’s gas exports are given away, without payment of royalties or Petroleum Resource Rent Tax. Over the last four years, multinational companies made $170 billion exporting gas they got for free. Based on Federal Government forecasts, to 2030 another $170 billion of liquified natural gas will be exported based on free gas.