Australia's gas exports 56% are royalty free

[Sparty]

The Australian Government considers gas critical to the economy, but a significant portion of gas reserves are effectively given away for free.

Government rhetoric suggests the community should receive a fair return for its non-renewable resources, but this often doesn't happen in practice.

Six out of ten LNG export facilities in Australia (two in Northern Territory and four in Western Australia) pay no royalties.

These represent 56% of Australia's gas export capacity.
Over the last four years:

Total value of LNG exports: $265 billion
Value of NT's royalty-free exports: $37 billion
Total value of royalty-free exports: $149 billion


This forgone revenue could be invested in a sovereign wealth fund or used to fund public infrastructure and services.

The Australia Institute recommends:

A comprehensive inquiry into the mismanagement of Australia's gas resources
Applying a royalty to all gas produced in Australia

This summary highlights the discrepancy between the stated importance of gas to Australia's economy and the lack of financial return to the public from a significant portion of gas exports.

Read: https://australiainstitute.org.au/wp...iveaway-NT.pdf

[Sparty]

Australian governments charge no royalties on 56% of
the gas that is exported from Australia, which includes
all the gas exported from the Northern Territory.

Over the last four years, multinational companies made $149
billion exporting gas they got for free including $37
billion from the NT.

If royalties had been charged on this gas,
at least $13.3 billion ($3.4 billion from NT) in
revenue could have been raised.

https://australiainstitute.org.au/wp...iveaway-NT.pdf