Woodside’s LNG: The 43-Cent Question
Every hour, millions of dollars’ worth of liquefied natural gas leave Western Australia’s coast — shipped from Woodside’s North West Shelf project near Karratha to power homes and industries across Asia. It’s one of the world’s biggest LNG hubs, but according to unions, Australia sees only 43 cents in tax for every $100 exported.
The ACTU wants a flat 25 percent export levy, claiming it could raise $17 billion a year — enough to fund 50 000 affordable homes nationwide. Gas producers warn such a move would threaten investment and jobs, arguing Australia already benefits through existing taxes, royalties, and local spending.
The debate cuts to the heart of Australia’s resource story: enormous energy wealth leaving our shores, and the question of how much of that value stays here.
If we’re selling the gas, shouldn’t Australians share more in the return?| ASX Mining News & Discussion