The energy industry has been working on a gas export ban for a decade, but the final result of the Australian government’s gas export moratorium is likely to be a long-term ban on natural gas drilling and a lot of jobs.
The new energy minister, Josh Frydenberg, has promised to introduce a gas exporter tax, which is expected to raise $1 billion for local communities and businesses.
There’s also the matter of a $7 billion gas levy for the states.
So what’s the deal with that?
What are the possible consequences of a gas ban?
It’s hard to predict what will happen if we don’t ban gas exports.
The government estimates there will be up to 12,000 jobs lost.
Some people might be affected by higher prices and more congestion.
There are a number of factors that can cause a ban to be enacted, such as the amount of gas extracted from the ground or the quality of the gas itself.
There will also be a big push for a gas price cut.
The price of a barrel of gas will also have an impact on people’s energy costs.
But the biggest risk to a gas tax is the price of natural gas.
The average cost of a litre of gas in the US is $US0.15, which includes the cost of electricity.
That’s less than half the price in Australia, where it’s around $US1.00.
So if we want to reduce gas prices we’re going to have to look at other ways to do it.
The other thing to remember is that a gas import tax is only one way to go.
There have been some other gas import taxes in Australia in the past, including a levy on imports of gas from Australia, Norway and China.
But none of these have had much effect on gas prices in Australia.
The idea behind a gas importer tax is to put pressure on gas exporters.
The import tax would be assessed on the price at which gas is extracted.
The more expensive the extraction of gas, the higher the tax rate would be.
But that’s only part of the problem.
A gas importers tax will also put pressure onto the prices of the fuel, which will mean lower prices for consumers.
This could have the effect of making the prices for Australian consumers more competitive, because they’ll get less price protection.
There has been a lot talk about the need for a price on carbon, but that’s also a policy that doesn’t directly impact gas exponents.
So why a gas industry tax?
It was proposed by Labor, which has had a carbon tax in place since 2012.
It’s been estimated that a $4.8 billion gas imputer tax could raise around $2.8 trillion over the next 10 years, which would be about $1.5 trillion a year.
This is more than enough to provide a fair share of the cost to the industry.
But there are other measures that could be put in place to encourage investment in the industry, including increased royalties and royalties on gas imports.
The biggest impact on consumers will be on those who rely on gas for heating, which could also be impacted.
The Australian Energy Market Operator (AEMO) has estimated that $2 billion in revenue will be lost from gas taxes alone.
That could be passed on to consumers in the form of lower gas prices, which might mean they can afford a bit more of a heating bill.
And the gas imporer tax could also have a big impact on those people who are relying on gas to heat their homes.
How does it affect the industry?
In addition to the direct cost of the import tax, there’s also indirect costs.
There is a direct impact on the amount Australians spend on gas.
It can impact on gas supplies to Australia’s power stations.
It also has an indirect impact on some retailers.
The AEMO says this could reduce gas price for those who buy gas from other countries, but this could also increase the cost for Australian households.
For example, if the price per unit of gas is higher in a country like Australia, households could see higher bills, and therefore fewer purchases of gas.
There could also also be indirect costs for Australian producers.
Some of the biggest producers in Australia rely on imported gas to produce the fuel for their cars.
These companies might be worried about the effect that a higher price would have on their margins.
The impact of a lower gas price on Australian households would also be significant.
And for some industries it could be an even bigger issue.
For instance, the Australian car industry is based around heavy transport.
If the price is lower, more people will buy vehicles, which means more freight.
And a lower price could also mean that the freight companies could have to pay more for fuel, so they may end up cutting back on their freight service.
A higher gas price also means fewer people are driving in Australia’s major cities, which may also affect the economy.