<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Calls are growing for the federal government to change the rules around Australia's natural gas exports, though energy bosses warn a new tax could trigger a crisis of its own.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>New modelling by The Australia Institute suggested a 25 per cent tax on gas exports could fill the national coffers with almost $350 million a week.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The longer we delay implementing a gas export tax, and the longer the government defends the failed PRRT (Petroleum Resource Rent Tax), the more it is costing the Australian people," The Australia Institute co-chief executive Dr Richard Denniss said.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>LIVE UPDATES:</span></strong><span> </span><a href="https://www.9news.com.au/world/us-israel-iran-war-live-updates-april-1-donald-trump-latest-world-news-headlines/b278c5bf-bd0a-4bfa-8d33-52238e106fdf" rel="" target="_blank" title=""><strong><span>Trump says US will be leaving Iran within three weeks</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Australia Institute research shows voters across the political spectrum, from One Nation to the Greens, overwhelmingly support a 25 per cent tax on gas exports.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Properly taxing our gas exports could raise $17 billion every year to help pay for Australian schools and hospitals."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The report estimated that if the Albanese government had implemented an export tax in July 2022, shortly after taking power, it would by now have brought in $68 billion.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/calls-for-gas-tax-grow-as-australia-faces-second-energy-crisis/0eb2d572-84b3-42b7-a55b-e2b8faf6a79c" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/kid-rock-apache-helicopters-nashville-no-kings-protest-army-investigation-us-politics-news/f7427a60-bc78-4ca1-b90b-95eaafb50359" rel="" target="_blank" title=""><strong><span>Trump's defence secretary blocks investigation of Kid Rock chopper crews</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Amid the ongoing fuel crisis brought on by the US attacks on Iran and Iran's subsequent closure of the Strait of Hormuz, other experts say creating a larger gas reserve could keep Australia more resilient to the global shock.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The move toward renewable sources of electricity, such as solar and wind, which do not depend on global energy markets, is the most important part of this transition," economics lecturer Dr Scott French from the University of New South Wales said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"But even powering electric vehicles with energy generated from fossil fuels that are abundant domestically, like coal and natural gas, also increases Australia's resilience."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/victoria-school-phone-ban-extended-to-every-school-in-state/5353716a-6af7-429c-9c3b-5c26127121f3" rel="" target="_blank" title=""><strong><span>Phones, smartwatches and earbuds to be banned in every classroom in Victoria</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>However, energy companies have warned against the idea, saying it will squeeze smaller operators out of the market, reduce investment, and damage regional trade.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The </span><a href="https://www.afr.com/companies/energy/energy-giants-see-red-amid-push-for-billion-dollar-gas-windfall-tax-20260330-p5zjzt" rel="" target="_blank" title="Australian Financial Review reported"><em><span>Australian Financial Review</span></em><span> reported</span></a><span> Chevron executive Danny Woodall told a gas industry conference in Sydney the prospect of investors jumping ship was not a case of "crying wolf".</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"If the ground continues to shift between your feet you move your feet to a different spot," he said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>And speaking to the same masthead, Beach Energy chief executive Brett Woods said the government's other proposal to create a larger strategic gas reserve domestically was flawed, though he supported the idea in principle.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Under the proposal, Queensland gas exporters would have to put 25 per cent of their harvest into the domestic market.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Forcing the domestic producers to have to compete against subsidised LNG volumes materially distorts the market and puts the 66-75 per cent of gas supply at significant risk," Woods told the </span><em><span>AFR</span></em><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><em><span>NEVER MISS A STORY:</span></em></strong><span> </span><strong><em><span>Get your breaking news and exclusive stories first by following us across all platforms.</span></em></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><strong><em><span>Download the 9NEWS App here via</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="_blank"><strong><em><span>Google Play</span></em></strong></a></li><li><strong><em><span>Make 9News your preferred source on Google by</span></em></strong><span> </span><a href="https://9.nine.com.au/8x987w" target="_blank"><strong><em><span>ticking this box here</span></em></strong></a></li><li><strong><em><span>Sign up to</span></em></strong><span> </span><a href="https://login.nine.com.au/edm?client_id=nineatnine" target="_blank"><strong><em><span>our breaking newsletter here</span></em></strong></a></li></ul></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span></span></div></div>