PRRT
Shell predicts free gas forever for Gorgon and Prelude LNG
Shell's accountants predict the Dutch giant will never pay Australia for gas consumed at the Gorgon and Prelude LNG projects that it can sell for up to about $4 billion a year.
PRRT
The Petroleum Resources Rent Tax is the profit-based mechanism for oil and gas producers in Australian waters to pay for the resources they extract.
Decommissioning
Australian offshore oil and gas industry has a $52B clean-up bill
Much of the $52 billion cost to decommission Australia's offshore oil and gas infrastructure will fall on the Federal Government via the tax system and work has started to boost industry collaboration and find cost savings.
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Inpex likely to never pay Australia for gas for Ichthys LNG
The Inpex-led Ichthys LNG project will export $195 billion of LNG, LPG and condensate over 30 years but it will not pay Australia anything for the gas it extracts.
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Chevron tax tale crumbles under questioning
The credibility of estimates from US giant Chevron of the tax it will pay for its LNG production has been undermined by questions from the Senate committee on corporate tax avoidance.
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PRRT: Australia's gas tax that does not work
Australia's Petroleum Resources Rent Tax has incredibly generous annual uplifts in allowable deductions that will likely see little or no payments from its offshore LNG projects.