Australian Gas Firms May Escape New Tax Despite Public Anger (2)

Australia is set to spare powerful liquefied natural gas exporters from new taxes, even as global supply disruptions drive up prices and profits and the national budget is set to remain deep in deficit across the forecast horizon.

The center-left government of Prime Minister Anthony Albanese has decided against including new export taxes in next month’s budget, according to reports in the Australian Financial Review and Australian Broadcasting Corp., citing unidentified sources familiar with the issue. Officials are wary of raising taxes after assuring Asian buyers that Australia would remain a reliable supplier during shortages linked to disruptions in ...