…no taxes or LNG royalties of… Shell Prelude projects…
The Guardian
Western Australia’s offshore gas fields pay almost no royalties and fuel carbon emissions, report says
A report by the Australia Institute reveals that the state only received $430 million of its revenue from the industry which generated $27 billion in exports last year
Peter Hannam: Sun Jan 16, 2022 4:30 p.m. GMT
Australia’s giant offshore gas fields pay virtually no royalties, create few jobs and are a large and growing source of greenhouse gases, according to a new report from the Australia Institute.
The “Vol au gaz” report, published on Monday, concludes Western Australia receives only a tiny fraction of its revenue from an industry that generated $27 billion in exports to Western Australia last year.
Northwest Shelf gas operations provide the bulk of the $425 million liquefied natural gas royalty payments, with no taxes or LNG fees Pluto from Woodside, Wheatstone from Chevron or Shell’s Prelude projects, the analysis revealed.
Guardian Australia has also contacted the Morrison, Woodside and Shell government for comment.
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