Re:Chevron Calls End to New Liquified Natural Gas Mega Projects
by caf on Wednesday March 22, 2017 @06:41AM
(#13929843)
Something has gone badly wrong in public policy in this area. Consider:
That's seen our Petroleum Resources Rent Tax proceeds, which in the past delivered around $2 billion a year, plummet. In fact, by the time we overtake Qatar for global gas domination, it's anticipated our resources tax will collect just $800 million.
Qatar, on the other hand, is expected to receive $26.6 billion in royalties that same year for roughly the same volume of exports.
That's seen our Petroleum Resources Rent Tax proceeds, which in the past delivered around $2 billion a year, plummet. In fact, by the time we overtake Qatar for global gas domination, it's anticipated our resources tax will collect just $800 million.
Qatar, on the other hand, is expected to receive $26.6 billion in royalties that same year for roughly the same volume of exports.
(from http://www.abc.net.au/news/2017-03-20/ian-verrender-how-the-... )