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Albanese Kills Gas Tax to Protect Nation’s Fuel Security and Asian Refinery Deals
The government says a 25% levy could endanger fuel imports and strain ties with Japan, South Korea and Malaysia.
- On Wednesday in Perth, Prime Minister Anthony Albanese ruled out a new windfall tax on gas exports, pledging the May 12 budget will not "undermine" existing contracts.
- Albanese warned that new taxes during the global fuel crisis could risk vital relationships with major investors in Japan, Korea, and Malaysia, protecting Australia's reputation as a reliable energy supplier.
- A campaign by the Australia Institute and Independent Senator David Pocock proposed a 25 per cent levy, forecasting it would generate up to $17 billion annually to ensure companies pay a "fair share."
- Woodside CEO Liz Westcott welcomed the decision, while Pocock criticized the rejection as "capture by the gas industry," despite Essential Media polling showing 60% of people supported the tax.
- With the Consumer Price Index rising 4.6 per cent in the 12 months to March 2026, Treasurer Jim Chalmers called the upcoming May budget "responsible" to address inflationary pressures.
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Albanese Says Australia Won’t Undermine Natural Gas Export Contracts
Australian Prime Minister Anthony Albanese said his government wouldn’t “undermine” existing liquefied natural gas exports with new taxes, warning that doing so during a global energy crunch would risk investment and fuel security.
·United States
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Australia's Albanese Rules Out New Taxes on Gas Exports, Citing Security
(Bloomberg) — Australian Prime Minister Anthony Albanese said his government wouldn’t “undermine” existing liquefied natural gas exports with new taxes, warning that doing so during a global energy crunch would risk investment and fuel security.
·Canada
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Sydney Morning Herald+3 Reposted by 3 other sources
Albanese kills gas tax to protect nation’s fuel security and Asian refinery deals
In his strongest language on the issue to date, Anthony Albanese said a $17 billion tax on gas exports would harm Australia’s fuel security.
·Sydney, Australia
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Coverage Details
Total News Sources11
Leaning Left4Leaning Right3Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
13%
R 37%
Factuality
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