LNG

Australia’s Prime Minister Anthony Albansese is considering a windfall tax on gas producers as LNG prices surge, asking to model new levy options for the gas industry. Government data showing LNG exports worth about A$65.4 billion and volumes of 79.8 million tonnes in the 12 months to April 2025.

Global LNG buyers fear far-reaching ripple effects of the loss of 12.8 million tons, or 17% of Qatari LNG after force majeure was declared on Ras Laffan Trains 4 and 6, with repairs taking three to five years. Markets see quite a bit of anxiety” from buyers in Japan, India, South Korea and Bangladesh which are heading up to buy spot cargoes, Poten & Partners’ senior LNG analysts Irwin Yeo observes.