Gas majors warn Australia on taxing LNG windfall profits

Major gas companies have cautioned the Australian government about plans to tax windfall profits from liquefied natural gas (LNG) exports. They argue that such a tax could reduce investment and production in Australia's LNG sector, which is a key part of the country's economy and global energy supply. Australia is relying on its LNG exports to manage the current global energy shock, making the government's decision on taxation important for both domestic and international markets.