Australia ‘Already Struggling’: Gas Industry Warns Against New Tax

The gas sector paid $21.9 billion in taxes last financial year, but suggestions of a new levy has concerned the industry.

An LNG gas storage tank is shown at the Woodside operated North West Shelf Gas Venture near Karratha in the north of Western Australia, on June 17, 2008. Greg Wood/AFP via Getty Images

Australia’s peak gas industry body has warned against any move to increase taxes on gas producers, following reports the federal government is considering the measure as an economic failsafe against the impact of the Iran war.

Australian Energy Producers Chief Executive Samantha McCulloch said any move to impose higher taxes would only serve to expose Australia to more future energy issues.