Albanese rules out gas tax during WA visit, but east coast reservation not far off
Prime Minister Anthony Albanese has ruled out introducing new taxes on Australian gas companies during his visit to Western Australia. He emphasized the importance of gas exports for national fuel security amid the ongoing global oil supply crisis. Albanese also indicated that a domestic gas reservation policy for the east coast is nearing completion.
- ▪Albanese stated that the budget will not undermine existing contracts on gas exports.
- ▪He highlighted Australia's reliability as a gas supplier to Asia during the global oil supply shock.
- ▪The prime minister did not rule out changes to future gas export contracts, mentioning a domestic gas reservation policy.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.