Predicted $27bn wartime windfall for Australian LNG exporters reignites calls for new gas tax

David Pocock says the huge revenue boost for gas companies underscores that Australians are ‘missing out on a fair return’

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Australia’s giant LNG exporters are set to enjoy a $27bn boost to their revenues due to the Middle East conflict, according to new government estimates already being used to https://www.theguardian.com/australia-news/2026/apr/21/labor-under-internal-pressure-on-gas-tax-as-influencer-says-government-stopped-working-for-the-punters">push for higher gas taxes.

Despite being among the three biggest LNG exporters in the world, Australia collects relatively little tax compared to other resource-rich nations such as Norway and Qatar.