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Australia missing out on $13 billion in royalty revenue from gas projects, report says

An independent senator and crossbench MPs say the money lost from royalties that aren't collected by state or federal governments on Australian gas exports amounts to "daylight robbery" by "leeches" in the gas industry.

Gas sold overseas from six of Australia's 10 liquefied natural gas (LNG) export facilities pay no royalties to state or federal governments, amounting to a sum of $13.3 billion in foregone royalty revenue during the past four years, according to the Australia Institute.

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