The Australian Petroleum Production & Exploration Association (APPEA) estimates that the sector will pay $13.8 billion in taxes, royalties and other charges in 2022-23, compared with just $4.8 billion in 2021-22.
APPEA CEO Samantha McCulloch claims the extra revenue is “further helping bankroll public roads, schools and hospitals”:
APPEA chief executive Samantha McCulloch said the growing tax bill – based on preliminary forecasts and subject to changing commodity prices and currency rates – were the result of a $300 billion investment in LNG projects by corporations since 2010.
