Latest Petroleum Resource Rent Tax News & Updates

Canberra, Dec 22 (IANS) The Australian government on Monday announced plans for new laws that will require gas exporters to reserve a portion of their supply for the domestic market.Minister for Climate Change and Energy Chris Bowen said at a press conference in Canberra that the laws, which will be introduced to the federal parliament in 2026, will guarantee Australia’s supply of liquefied natural gas (LNG) and put downward pressure on prices.He said that the legislation will be developed in co…