Australia Natural Gas Market – Supply and Demand Outlook by Production Breakdown, Power Capacity, Consumption and Usage by Industry and Upcoming Projects, 2021-2026
Natural gas is consumed by various sectors in Australia. In Oceania, Australia is the largest producer of natural gas, followed by Papua New Guinea and then New Zealand. However, the top 4 sectors that demand the most are electricity generation, the energy industry, specifically LNG plant use and upstream, residential, and transportation industries. Natural gas and LNG produced in Australia is predominantly exported to the Asian market, the main countries include China, Japan, South Korea, Taiwan, and other countries. Currently, the supply of natural gas in Oceania is exceeding the demand. The majority of natural gas production growth will originate from conventional gas sources.
Australia Natural Gas Production – Supply and Demand
Unlike other countries, natural gas production in Australia peaked in 2020. This is attributed to the country wanting to provide and store natural gas in order to provide energy security domestically for its various industries during the pandemic when there was high uncertainty and energy insecurity. For many years, natural gas has seen significant growth in Australia’s production and consumption, this is a result of the country’s shift from coal to natural gas- a primary source of cleaner energy.
Australia Natural Gas Production Outlook (%)
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Australia Natural Gas Production Breakdown by Resource Type
Australia is a major producer of both coal and liquefied natural gas (LNG). Conventional gas is the largest contributor to natural gas production in Australia followed by CBM and unconventional gas. The gas produced is used as a major source of energy domestically, for feedstock for major LNG projects, such as Curtis Island, Australia Pacific, and Gladstone LNG, as well as exported to Asia Pacific countries. And recently to the EU.
Australia Natural Gas Production Analysis, by Resource Type (%)
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Natural Gas Production and Power Capacity
Natural gas production and capacity are forecast to remain generally stable but have a very slow decline, while renewable energy such as Solar PV and wind grow at a rapid rate. The capacity for natural gas shrank by 2020 through 2021, when compared to its 2019 value, due to COVID-19. However, capacity began to increase in 2022. Northern Carnarvon Basin accounts for the most production in Australia.
Australia Natural Gas Production Breakdown Analysis by Play (%)
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Liquified Natural Gas (LNG) Plants in Australia
Despite the COVID-19 pandemic in 2020, Australia saw its LNG projects delivering maximum outputs with a minimal percentage of projects having lower outputs. The North West Shelf was the first LNG field to come online in Australia. LNG tanker Attalos which originated from the North-West Shelf Project, Australia was recently received by the UK. The first LNG cargo received by the UK from Australia in 6 years.
LNG Plants in Australia (%)
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Natural Gas Demand by Industry
The main industries that demand natural gas in Australia include power generation, energy industry, specifically powering LNG, and upstream plants, residential and transportation industry. Within the Energy industry, LNG demands the most gas followed by the upstream sector. Other industries include mining.
Total Demand by Industries, (%)
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Australia Natural Gas Market Report Overview
|Leading LNG Plants||North-west Shelf, Gorgon, Darwin, Wheatstone, and Gladstone|
Table of Contents
- 1. Oceania Overview – Supply and Demand
- 2. Natural Gas Supply & Demand Outlook for Australia
- 2.1.1. Overview – Supply and Demand
- 2.1.2. Natural Gas Production Breakdown
- 2.1.3. Natural Gas Production and Power Capacity
- 2.1.4. Upcoming Natural Gas Projects
- 2.1.5. LNG Plants
- 2.1.6. Upcoming LNG Liquefaction Projects
- 2.1.7. Natural Gas Consumption and Usage by Industry
- 3. Australia’s Natural Gas Trade Activity
- 3.1. Natural Gas Trade Activity
- 4. Appendix
- 5. About GlobalData
Frequently Asked Questions
Northern Carnarvon Basin accounts for the most production in Australia.
The main industries that demand natural gas in Australia include power generation, the energy industry, specifically powering LNG, and upstream plants, residential and transportation industry
North-west Shelf, Gorgon, Darwin, Wheatstone, and Gladstone are some of the leading LNG plants in Australia.
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