Australia Key Figures
- Population:
- 26.8 million
- GDP growth rate:
- 1.04 %/year
- Energy independence:
- 100%
Data of the last year available: 2024
- Total consumption/GDP:*
- 71.3 (2005=100)
- CO2 Emissions:
- 13.5 tCO2/capita
- Rate of T&D power losses:
- 4.79%
* at purchasing power parity
View all macro and energy indicators in the Australia energy report
Australia Energy News
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Australia Energy Research
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Australia Total Energy Consumption
Per capita energy consumption is around 25% higher than the average of OECD countries, amounting to 4.9 toe/cap in 2024, while per capita electricity consumption was 9.4 MWh/cap.
Total energy consumption has slightly increased since 2022 (by around 1%/year, after decreasing by 2.5%/year from 2020 to 2022. It fluctuated before between 130 and 135 Mtoe between 2010 and 2020.
Interactive Chart Australia Total Energy Consumption
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View the detailed fondamentals of the market at country level (graphs, tables, analysis) in the Australia energy report
Australia Crude Oil Production
Australia's production of liquid hydrocarbons (crude oil, condensates, and NGLs) has decreased by 7%/year since 2020 to 15 Mt in 2024, after an increase by over 40% between 2018 and 2020, reaching 20 Mt. Oil production halved between its peak at 32 Mt in 2000 and 2024, due to the decline in production from mature basins. The production is mostly due to its two largest producing basins, the Browse and Carnarvon basins in north-western Australia.
Since 2021, Australia has become a net exporter of crude oil (4.6 Mt net in 2024, with 13 Mt exported).
Interactive Chart Australia Crude Oil Production
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Australia Oil Products Consumption
The consumption of oil products rose by 4%/year since 2022 to 49 Mt in 2024, driven by the transport sector, after decreasing by 2.5%/year from 2018 to 2022 and fluctuating around 50 Mtoe from 2010 to 2018.
The transport sector accounts for 64% of oil consumption, followed by the hydrocarbon sector (10%), industry (9%), and non-energy uses (8%).
Graph: OIL CONSUMPTION (Mt)
Graph: OIL CONSUMPTION BREAKDOWN BY SECTOR (20244, %)
Interactive Chart Australia Refined Oil Products Production
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Australia Natural Gas Consumption
Natural gas consumption has been decreasing since 2020 to 41 bcm in 2024 (-2.5%/year on average), after a rapid increase between 2006 and 2020 (+4.4%/year on average). This increase was mainly driven by the development of gas-fired power capacity and the explosion of the LNG sector.
The electricity production accounts for 32% of gas consumption, industry for 23%, and residential and services for 12%.
Graph: NATURAL GAS CONSUMPTION (bcm)
Interactive Chart Australia Natural Gas Domestic Consumption
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Australia Coal Consumption
Coal and lignite consumption has declined by 36% since its peak in 2009, reaching 92 Mt in 2024. Most of the consumption goes to power generation (91%) and the remainder to industry.
Graph: COAL CONSUMPTION (Mt)
Graph: COAL CONSUMPTION BREAKDOWN BY SECTOR (2024, %)
Interactive Chart Australia Coal and Lignite Domestic Consumption
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
View the detailed consumption trends at country level (graphs, tables, analysis) in the Australia energy report
Australia Power Consumption
Electricity consumption increased steadily between 2015 and 2024, by 1.2%/year on average, reaching 252 TWh in 2024.
Industry is the largest user of electricity with a decreasing market share (32% in 2024, -6 pp since 2010), followed by households (28%), services (26%), and the energy sector hydrocarbon and coal mining and processing ("others").
Graph: ELECTRICITY CONSUMPTION (TWh)
Graph: ELECTRICITY CONSUMPTION BREAKDOWN BY SECTOR (2024, %)
Australia CO2 Fuel Combustion/CO2 Emissions
In 2022, Australia raised its carbon emission reduction target to 43% by 2030 (from 2005 levels), up from the previous target of between 26% and 28% set in its updated NDC. GHG emissions decreased by 28% between 2005 and 2024 from 613 MtCO2eq down to 441 MtCO2eq, with the goal of 350 MtCO2eq in 2030. Most emission reductions were achieved in the land and electricity sectors, while other sectors (industry and waster, resources, transport) are 13% above 2005 levels.