The new chief executive of Woodside has declared that the debate over oil and gas taxation is far from settled, in a major address to the Australian Energy Producers conference in Perth.
Tax debate continues
Speaking at the annual gathering of energy industry leaders, the Woodside boss said the conversation around petroleum resource rent tax and other fiscal measures was not yet concluded. He emphasised that ongoing dialogue between the industry and government is essential to ensure a competitive investment environment.
The comments come amid heightened scrutiny of Australia's oil and gas taxation regime, with some arguing that current arrangements do not adequately capture returns for the nation. The new CEO acknowledged the complexity of the issue, noting that any changes must balance investor confidence with community expectations.
Industry response
Several other industry figures at the conference echoed the sentiment, calling for stability and predictability in tax policy. They warned that abrupt changes could deter investment in new projects, particularly in liquefied natural gas and offshore exploration.
The Australian Energy Producers conference is a key event for the sector, bringing together executives, policymakers, and analysts to discuss challenges and opportunities facing the industry.
