Fact Checker
Energy issues are often complex – and they aren’t made easier by myths that confuse matters, obscure facts and push agendas. We want to make sure that you know the facts.
The gas industry pays taxes and royalties in Australia
Australia’s LNG industry contributes billions in taxes and royalties while meeting its obligations and driving large‑scale national investment.
Taxes Paid
ConocoPhillips Australia pays tax in Australia largely via its 47.5 percent ownership of APLNG, which has paid AU$7.1 billion (gross) in income taxes, royalties, stamp duties and QLeave contributions since the first LNG shipment in 2016 through to 30 June 2026.
Industry Contributions
The oil and gas industry contributed AU$21.9 billion in taxes and royalties in 2024–25.
Long-term Investments
LNG companies have invested nearly AU$250 billion into Australian infrastructure and development.
More Facts
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Gas is an essential energy source
Natural gas will continue to be an important energy source for our future. -
LNG supports Australia’s prosperity
Australia’s LNG sector is a major contributor to national prosperity—supporting economic growth, domestic energy security and our regional trade and decarbonisation partnerships. -
New gas supply is critical
Expert analysis shows new supply is critical for Australia’s energy needs. -
We provide support to strengthen local communities
ConocoPhillips Australia’s operations on Curtis Island provide substantial economic, community and training benefits for Gladstone locals. -
We support domestic gas supply
We are actively doing our fair share to supply the domestic market. -
We operate under strict environmental regulations
Our operations follow high environmental standards backed by science‑led conservation and research.