Australia Senate Set to Grill Energy Companies on LNG Export Tax

Executives of major Australian gas companies are facing Senate cross-examination this week as they battle a proposed tax on petroleum exports.

Chevron Australia Pty Ltd., Woodside Energy Group Ltd., Santos Ltd., and other big gas companies will make their cases alongside business groups and Australian Taxation Office officials at hearings starting Tuesday.

Legislators last month proposed a minimum 25% tax on liquid natural gas exports amid the Iran war’s spur to domestic energy prices and expectations that exporters would reap windfall profits.

The Business Council of Australia and ...