Volume VII · Press
- Sources
- ATO · ABS · APH · IEA · SSB
- Re-use
- CC BY 4.0
- Embargo
- None — published is published
- Spokesperson
- None — quote the data, not us
§ Press
Everything a working reporter needs to use this material — in one page, with primary sources.
If you're on deadline: the four headline figures below each link to a primary public dataset. There is no spokesperson. There is no embargo. Every figure on this site is built to be verified before publication, not after.
§ A Headline figures
Four numbers a reporter can verify before filing.
Each row has the figure, the one-line claim, the context that stops it being misread, and the exact dataset and column to check it against.
One number this site does not stand behind: a single rounded "Norway taxes its gas N times harder than Australia" ratio. The comparison is real but the multiplier moves with currency, year, and which Norwegian revenue line is included. The check-the-math panel in § C lets you compute it yourself for the period you're publishing in.
§ B Background — the PRRT uplift
Why most LNG projects pay no resource-rent tax.
If you need one paragraph of background to make a story land, this is the one most often misreported. The figures below are from the Petroleum Resource Rent Tax Assessment Act 1987 (Cth).
LTBR + 5 pp
General project expenditure
Most operating costs and capital. Carried-forward losses uplift at the Long-Term Bond Rate plus 5 percentage points each year, compounded.
LTBR + 15 pp
Exploration expenditure
Spending on finding the gas. Uplifts at LTBR plus 15 percentage points, compounded, until used. With LTBR ≈ 4%, that is ≈ 19% / year — faster than most projects can grow in value.
No expiry
Carry-forward
Uplifted deductions accumulate against future PRRT liability with no time limit, and (since 2019) transfer between projects under common ownership.
Common error to avoid: reporting "the PRRT uplift is LTBR + 15%" without distinguishing the two rates. Only exploration uplifts at +15 pp; general expenditure uplifts at +5 pp. The combination is what produces the result, not either rate alone. receipts § D walks the arithmetic on a worked example.
§ C Check-the-math
Norway vs Australia — per-capita government petroleum revenue.
Run the calculation yourself with the most recent figures before publication. The numbers below are the values we used; replace any of them and the ratio updates.
| Component | Value | Note |
| Norwegian government petroleum revenue, 2023 | ≈ NOK 832 B | Net cash flow + SDFI + Equinor dividend |
| Norwegian population, 2023 | 5.55 M | SSB |
| Per capita | ≈ NOK 150,000 | ≈ A$21,500 at NOK/AUD ≈ 0.143 |
| Australian PRRT receipts, FY 2023-24 | A$1.5 B | ATO |
| Australian population, 2024 | 27.0 M | ABS |
| Per capita | ≈ A$56 | |
| Ratio | ≈ 380× | Use this if you need a single number. Recompute with current data before publication. |
Sources: Norwegian Petroleum Directorate · Statistics Norway (SSB) · Norges Bank (FX) · ATO (PRRT) · ABS (population). Recompute against the latest annual release before quoting a multiple in print.
§ D Source bundle
The primary documents this site is built on.
We do not host the source PDFs ourselves — they live on the publishing institution's site, where they can be authenticated. The list below is the canon.
- ATO Petroleum Resource Rent Tax — taxation statistics Used in: § A row 1 · receipts.html § A
- ATO Corporate Tax Transparency report — annual entity-level disclosure Used in: § A rows 2-3 · receipts.html § B
- APH Petroleum Resource Rent Tax Assessment Act 1987 (Cth) Used in: § B (uplift rates and carry-forward rules)
- Treasury Callaghan PRRT Review (2017) — Final Report Used in: methodology.html § E
- ACCC Gas Inquiry — interim and final reports (rolling) Used in: domestic-price methodology
- AEMO Gas Statement of Opportunities (annual) Used in: domestic supply / demand framing
- SSB Statistics Norway — petroleum-revenue tables Used in: § C check-the-math
- IEA Australia 2023 — Energy Policy Review Used in: nations.html comparative framing
- OECD Inventory of fossil-fuel support — Australia entries Used in: subsidies framing
Press kit for the Australia Runs On Gas fact-check.