Australia Gas and LNG Market Overview, Production Breakdown, Usage by Industry and Upcoming Projects, 2023

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Australia Gas and LNG Market Report Overview

Australia has a huge natural gas reserve, and the supply is forecast to remain stable over the next 5 years. The majority of natural gas production growth will originate from conventional gas sources.

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 as a primary source of cleaner energy. The rapid growth in renewable technologies, especially wind and solar has stunted the growth of natural gas in Australia. Coupled with Australia’s plan on achieving a net-zero emissions economy by 2050.

Australia gas and LNG market research report offers gas and LNG market analysis in the region. It also highlights recently announced projects by capacity. The report also offers insights into the demand for gas and LNG across different sectors.

Key Play ·       Northern Carnarvon Basin

·       Browse Basin

·       Bass Basin

·       Copper Basin

·       Perth Basin

Key Projects ·       Yarrow

·       Enterprise

·       Glenaras

·       Mahalo

·       Range

·       Trefoil

·       Odin

Key Industries ·       Commercial

·       Industrial

·       Energy Industry

·       LNG Plant Use

·       Residential

·       Transportation

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Australia Natural Gas Production Breakdown by Play

The key plays in the Australia natural gas market are Northern Carnarvon Basin, Browse Basin, Bass Basin, Copper Basin, and Perth Basin among others. Natural gas production and capacity is forecasted to remain generally stable but have a very slow decline, while renewable energy such as Solar PV and wind grow at a rapid rate. Northern Carnarvon Basin accounts for the most production in Australia.

Australia Natural Gas Production Analysis by Play, 2023 (%)

Australia Natural Gas Production Analysis by Play, 2023 (%)

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Australia’s Upcoming Gas and LNG Projects

Some of the largest upcoming natural gas and LNG projects in Australia are Yarrow, Enterprise, Glenaras, Mahalo, Range, Trefoil, and Odin among others. There are more than 25 upcoming gas projects, scheduled to come online in the next 5 years. 7 fields are planned to come online this year, examples include Glenaras and Odin. Most of the activity is occurring in the Northern Carnarvon Basin. Most production is expected to be a conventional gas resource type.

Australia Natural Gas Demand by Industry

The key industries demanding natural gas in Australia are commercial, industrial, energy industry, LNG plant use, residential, and transportation among others. The main industries that demand/consume energy in Australia include the commercial, industrial, and energy industries energy- specifically for LNG plant use and upstream other industries include power and transport and residential industries.

Australia Gas and LNG Market Analysis by Industry, 2030 (%)

Australia Gas and LNG Market Analysis by Industry, 2030 (%)

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Scope

Natural gas and LNG outlook in Australia.

Key Highlights

Production, capacity, major importers

Reasons to Buy

Identify the expected future for the market.

Table of Contents

  1. Oceania Overview – Supply and Demand
  2. Natural Gas Supply & Demand Outlook for Australia
  3. Overview – Supply and Demand
  4. Natural Gas Production Breakdown
  5. Natural Gas Production and Power Capacity
  6. Liquefied Natural Gas Plants (LNG)
  7. Upcoming Natural Gas & LNG Projects
  8. Natural Gas Consumption and Usage by Industry
  9. Australia’s Natural Gas Trade Activity
  10. About GlobalData

Table

Table 1: Liquified Natural Gas (LNG) plants in Australia 10

Table 2: Upcoming Natural Gas & LNG Projects 12

Figures

Figure 1: Oceania Natural Gas Production by Country 5

Figure 2: Oceania Natural Gas Demand by Country 5

Figure 3: Australia Natural Gas production, bcfd 6

Figure 4: Australia Natural Gas Demand, bcfd 6

Figure 5: Australia Natural Gas Production Breakdown by Resource Type 7

Figure 6: Australia Natural Gas Production Breakdown by Play, mmcfd 8

Figure 7: Australia Cumulative Installed Total Capacity, MW 8

Figure 8: Liquified Natural Gas (LNG) plants in Australia 9

Figure 9: Natural Gas Total Demand by Industries 11

Figure 10: Natural Gas Demand by Energy Industry 11

Figure 11: Natural Gas Demand by Transformation 11

Figure 12: Natural Gas Trade from Australia to Asian Market 13

Figure 13: Australia Energy Trade, PJ 13

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