SMH
·australia
·1 hour ago
Gas giants to reap $18 billion war windfall, reviving export tax calls
Australia's gas producers are expected to earn an additional $18 billion in revenue due to the Iran war's impact on global LNG supply. The Albanese government faces intensified calls for a 25 percent export tax as costs for consumers rise. While LNG prices surged, they are projected to decline as global markets stabilize.
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Published 02 Jul 2026, 14:01 UTC · Updated 02 Jul 2026, 14:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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