The way Australia taxes gas production is stuck in the past – this is why companies aren’t paying their fair share

Igor Spb/Getty Images Australian liquefied natural gas (LNG) exports peaked at just over A$90 billion in 2022-23 following Russia’s invasion of Ukraine, easing to $65 billion in 2024-25. That placed Australia third in value of LNG exports, behind the United States and Qatar. More recently, the US-Iran war has delivered a $6 billion boost to Australian LNG exports for the last fiscal year, with 2026-27 forecasts also revised upward by $21 billion, according to government estimates. That’s why…