New Energy World™
New Energy World™ embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low-carbon technologies.
Australia steps on the gas
14/12/2022
8 min read
Feature
Due to the rapid expansion of the Australian LNG industry on both the east and west coasts, Australia has become one of the world’s largest LNG exporters. New Energy World’s Brian Davis reports.
Australia’s LNG export industry took off in 2015 and continues to grow. Gas producers had the choice of exporting or selling gas domestically. As a result, the prices on domestic markets are now influenced by international gas prices.
The main production basin in eastern Australia is the Surat-Bowen Basin in Queensland. There are also smaller basins in south Australia, New South Wales, off the coast of Victoria, and in the Northern Territory. Together, these basins account for 37% of Australia’s total gas production.
The eastern gas market is interconnected by transmission pipelines, which source gas from these basins and deliver it to LNG facilities for export and to large industrial customers and major population centres for domestic use.