Greenpeace challenges misleading gas lobby war profits claims, as ‘warflation’ reality hits households

SYDNEY, Wednesday 18 March 2026 — Greenpeace Australia Pacific has slammed gas corporations and lobby groups including Australian Energy Producers (AEP) for exploiting the illegal war on Iran to price gouge, profiteer and push for new gas projects, while Australian households pay the price with soaring bills and rising ‘warflation’.

Greenpeace has challenged misleading claims by lobby group AEP that gas corporations will not reap windfall war profits from long term gas contracts — an assertion that selectively ignores the fact most Gas exports are on contracts that automatically see prices move with Asian and global benchmarks, not with their real costs.

Almost all long‑term gas export deals the