Australia: windfall profits on LNG exports, 2022-24

Companies exporting LNG from Australia have made windfall profits close to $100 billion since 2022, when energy prices spiked because of Russia’s invasion of Ukraine. Global energy prices spiked following Russia’s invasion of the Ukraine in late February 2022. While the volume of LNG exported from Australia barely changed, the revenue received by the LNG exporters leapt to unprecedented levels. […]