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Just when you thought it might be safe to assume he had a brain, no.
Anthony Albanese has assured existing gas contracts would not be affected by any decision to impose a new tax on exports as he and his Malaysian counterpart Anwar Ibrahim promised to keep supplying each other with essential energy products on a “no surprises” basis.
With the government considering a gas tax in the May 12 budget as part of its search for revenue, the prime minister said Australia had a reputation to uphold with its trading partners to whom it sells liquefied natural gas.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.