Shell warns Australia against taxing LNG windfall profits

Shell warned Australia against introducing a windfall tax on gas exporters, saying it would deter investment and undermine energy security as LNG prices surge following supply disruption from the Iran war. The company cautioned the tax could reduce future gas investment and exacerbate tight LNG markets, increasing downside risk to domestic energy security and sector returns.

Analysis

Shell warned Australia against introducing a windfall tax on gas exporters, saying it would deter investment and undermine energy security as LNG prices surge following supply disruption from the Iran war. The company cautioned the tax could reduce future gas investment and exacerbate tight LNG markets, increasing downside risk to domestic energy security and sector returns.