Santos chief executive Kevin Gallagher says investor concern about a possible LNG export tax remains even after the government rejects the proposal. Speaking at the Press Club, he warns the broader debate over whether to tax Australia’s largest export earner is not settled.
Gallagher’s comments reflect ongoing market uncertainty around potential changes to the tax treatment of the oil and gas sector. While the latest policy direction rules out a new export tax in the immediate term, his view is that the issue may return and continue to influence investor sentiment.
The outlet’s coverage frames Gallagher as identifying a continuing risk for the industry, focusing on how perceived policy uncertainty can affect investment decisions. The reporting also notes that, although the government has rejected the tax idea, the discussion and related worries among investors are still present.
