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There have been no changes to the PRRT since 2012 and we think it is timely that these matters be addressed, and be addressed in time for these matters to be considered in the preparation for next years budget, he said at the time. It is actually not primarily about revenue. It is important these companies pay their fair share when it comes to these issues. Jason Ward from the Tax Justice Network said the Senates crossbenchers were increasingly aware of the notion of an energy crisis in Australia, with a looming domestic shortage of liquified natural gas , while the country was on the verge of becoming the worlds biggest exporter of LNG, with the government unlikely to get anything for its resources. So how do you square having a domestic energy shortage with being the worlds largest exporter with no revenue? he said. Its a situation that needs to be addressed. According to the Treasury, in 2005 the government collected $1.9bn in PRRT and last year that figure fell to $1.4bn. PRRT revenue is estimated to fall again to just $800m when Australia becomes the worlds dominant LNG exporter by 2021. She said her modelling showed $5bn in revenue would be raised from Gorgon by 2030 if royalties were reintroduced. Michael Callaghan, a former Treasury Maxillofacial Surgeon home loan official and former chief of staff to Peter Costello, has been heading the inquiry. Its report is due to be handed to the government by Friday, and the government is expected to release the report any time from next week.