Prime Minister Anthony Albanese has asked Treasury to model a windfall tax on Australia’s LNG sector as global prices surge. Energy Minister Chris Bowen confirmed the request but offered no details, citing cabinet confidentiality. The spike follows Middle East supply disruptions, including missile damage to Qatar’s Ras Laffan hub and Strait of Hormuz blockages. Australia, the world’s third-largest LNG exporter, shipped nearly 80 million tons worth A$65B in 2024–25, with the sector paying about A

Prime Minister Anthony Albanese has asked Treasury to model a windfall tax on Australia’s LNG sector as global prices surge. Energy Minister Chris Bowen confirmed the request but offered no details, citing cabinet confidentiality. The spike follows Middle East supply disruptions, including missile damage to Qatar’s Ras Laffan hub and Strait of Hormuz blockages. Australia, the world’s third-largest LNG exporter, shipped nearly 80 million tons worth A$65B in 2024–25, with the sector paying about A$22B in taxes and royalties, per Australian Energy Producers.