1st
worldwide for LNG production
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This analysis includes a comprehensive Australia energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2021 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
1st
worldwide for LNG production
X3
LNG exports since 2015
8 GW
of renewables under construction
Abstract
Institutions & Energy Policy
Australia is a constitutional monarchy with a federal division of powers. The country is made up of six states and two territories: New South Wales (NSW), Queensland (QLD), Victoria (VIC), South Australia (SA), Tasmania (TAS) and Western Australia (WA), and the Australian Capital Territory (ACT) and the Northern Territory (NT). The first three account for around ¾ of the GDP.
Energy Supply
Oil:
Australia's production of liquid hydrocarbons (crude oil, condensates, and NGLs) increased by 40% between 2018 and 2020, reaching 18.5 Mt, but dropped by 10% to 16.6 Mt in 2021. The production is mostly due to its two largest producing basins, the Browse and Carnarvon basins in north-western Australia, in part due to the completion of the Greater Enfield Project in 2019.
Energy Prices
Oil:
Motor fuel prices follow international oil prices: decreasing between 2019 and 2020 and increasing by 35/27% in 2021 to US$1.13/l and US$1.08/l for gasoline and diesel, respectively. These prices are around 25% lower than the OECD average.
Graph: GASOLINE & DIESEL PRICES (US$/l)
Energy Consumption
Per capita energy consumption is around 25% higher than the average of OECD countries, amounting to 5.0 toe in 2021, while per capita electricity consumption was 9.3 MWh.
Total energy consumption remained relatively stable between 2010 and 2021 (between 126 and 128 Mtoe according to the year considered).
Issues & Prospects
Australia's thermal coal exports are forecast to increase by 2.5%/year between 2020-21 and 2023-24 to 207 Mt, according to the last Resources and energy quarterly (December 2022): by the Ministry of Industry. In parallel, the thermal coal output should rise by 4.3%/year to 257 Mt in 2023-24.
Below is a list of the Australia energy market report graphs:
In the Australia energy market report you will find the following tables:
The Australia energy market data since 1990 and up to 2021 is included in the Excel file accompanying the Australia country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Australia country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Australia country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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