What did Prime Minister Albanese confirm about Australia's LNG export contracts in the upcoming budget?

Prime Minister Anthony Albanese confirmed that 'the budget will not undermine existing contracts on gas exports,' stating Australia would not 'undermine' existing liquefied natural gas export contracts, as doing so during a global energy crunch would risk investment and undermine fuel security.

Why did Albanese say it would be unwise to interfere with current LNG export contracts?

Albanese said it would be unwise because 'our gas exports are directly linked to our national fuel security, and the middle of a global fuel crisis is the worst possible time to jeopardize these relationships, all the investment that underpins it.'

Albanese Says Australia Won’t Undermine Natural Gas Export Contracts

Apr 28, 2026

Australian Prime Minister Anthony Albanese confirmed the budget will not undermine existing liquefied natural gas export contracts, prioritizing fuel security amidst global supply disruptions. This counters pressure to increase taxes on major exporters like Chevron and Woodside following price surges.

bloomberg

2026-04-28

Albanese Says Australia Won’t Undermine Natural Gas Export Contracts

Albanese Says Australia Won’t Undermine Natural Gas Export Contracts

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