Gas Giants Reap $40 Billion in Windfall War Profits: Report

Created
Wed, 19/10/2022 - 05:54
Updated
Wed, 19/10/2022 - 05:54

New analysis shows Liquified Natural Gas (LNG) producers reaped up to $40 billion of windfall profits in FY 2021-22 thanks to soaring global gas prices due to the war in Ukraine. The research comes following a damning report from the ACCC into the gas industry around price-fixing and subsequent condemnation of cartel-like behaviour on the

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