In the murky world of international energy trade, a complex web of tax avoidance and profit shifting has been exposed, with Australia's gas giants, particularly Shell, at its center. This article delves into the intricate strategies employed by these companies, using Singapore as a pivotal hub to reduce taxes and boost profits. It explores the rise of the spot market in liquefied natural gas (LNG) trading, the role of Singapore as a tax-friendly trading center, and the implications for Australia's tax revenue and energy security. With a heavy dose of commentary and analysis, this piece examines the practices of Shell and others, questioning the legitimacy of their operations and the impact on the Australian economy and beyond.
