Research // Energy from Fossil Fuels
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July 2025
Impact of gas exports on Australian energy prices
Allowing unrestricted gas exports from the east coast of Australia has resulted in domestic wholesale gas prices more than tripling and electricity prices doubling.
Until the mid-2010s, wholesale gas prices in eastern Australia were low.
October 2022
War gains: LNG Windfall Profits 2022
Energy prices spiked worldwide following Russia’s invasion of Ukraine and the resulting restrictions on Russia’s gas exports. This has in turn increased the value of Australian LNG exports and the profits of LNG companies. We estimate the war related windfall gain to LNG companies in 2021-22 at between $26 billion and $40 billion.