Approval Details and Potential Impacts on Prices
SYDNEY — The Albanese Government has approved a new gas export project, sparking concerns over potential price hikes and climate risks. The project, set to operate until 2081, has been criticised for its timing, as Australia aims to transition to clean energy by mid-century.
According to Climate Councillor Greg Bourne, the decision exposes Australians to volatile international markets, leading to increased domestic prices. Bourne highlighted that domestic gas prices have surged since exports began from the east coast. He emphasised that reliance on such projects could affect the stability of the local economy.
The Climate Council noted reports that the government might introduce a tax on gas exports to ensure multinational corporations contribute fairly to public resources, aiding Australia’s energy independence. This move is seen as a potential measure to offset the economic impact on consumers and ensure that Australia benefits more equitably from its natural resources.
Climate and Economic Implications
The APLNG project in Queensland is expected to generate significant climate pollution, potentially undermining Australia’s climate targets. Environmental groups warn it could produce millions of tonnes of emissions, likening its impact to major domestic transport emissions. This has sparked debates on whether such projects are compatible with the country’s environmental goals.
Source: newshub.medianet.com.au
Last updated: 2 April 2026, 4:33 pm
