The Australia Institute study has found seven out of 10 gas export projects are at least 90 per cent owned internationally.
The findings come as households and businesses face soaring gas prices fuelled by increased local and overseas demand.
The institute’s senior research fellow and author of the analysis, David Richardson, says Australians are paying a fortune to largely foreign companies making a windfall during the energy crisis.
“As gas companies lobby for ever-more expansion for export profit, Australians are entitled to ask how this industry is serving the national interest,” Mr Richardson said.
Energy Minister Chris Bowen met with industry heads last week, flagging a renegotiation of a contract signed by the Morrison government, in order to allow more gas to be redirected from export to domestic supply. 6park.com