Australia is the world’s fifth-largest producer of natural gas and the country’s output decreased by 7% in 2022, over 2021. The country accounts for 3% of global production, with the world’s other largest producers being the US, Russia and Iran. GlobalData uses proprietary data and analytics to provide a complete picture of the natural gas sector in Australia in its report, Australia Exploration & Production, 2022. Buy the report here.
Over the five years to 2022, production from Australia increased by a CAGR of 2% and is expected to rise by a CAGR of 0.59% between 2023 and 2027.
The largest producers of natural gas in Australia are Chevron, Woodside Energy Group and Shell. Chevron was the largest producer of natural gas in 2022 with output down by 5% on 2021.
Woodside Energy Group was the second-largest producer, with output up by 67%, and Shell was third with a decrease of 16% on the previous year.
There are 276 natural gas producing fields in Australia of which 22 are located offshore and the rest onshore. The Queensland has the majority of the natural gas fields in the country with 145.
For more detailed analysis of natural gas sector in Australia, buy the report here.