finance
Australian LNG Export Revenue Forecast Rises $27 Billion on Supply Shortage
Government estimates show LNG export earnings for 2026-27 will reach $67.6 billion. The increase follows supply disruptions linked to Middle East conflict and earlier attacks on Qatari facilities.
en.globes.co.ilAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Australia’s LNG export earnings for 2026-27 are now projected at $67.6 billion, $21 billion above the December forecast, according to the latest quarterly energy and resources report. The department also raised its estimate for the past financial year by $6 billion. Extended supply disruptions could add another $7 billion to 2026-27 earnings.
Iranian missile attacks in March closed Qatari gas facilities and shifted the market from oversupply to shortage. Global LNG prices rose as a result. The report states that price pressures tied to the Middle East conflict are expected to ease by 2029 and return to levels forecast in March 2025.
Officials had considered raising taxes on gas exports but set the plan aside after U.S. and Israeli strikes on Iran. The current petroleum resource rental tax has drawn criticism for not capturing windfall profits from foreign-owned operators. Analysts have noted that domestic prices have not risen with overseas prices, partly due to government market interventions including a planned gas reservation scheme.
An expanded version of Queensland’s tiered royalty system has been suggested as a possible federal model.
