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

By Jason Nassios, Deputy Director and Associate Professor, Centre of Policy Studies, Victoria University

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…

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