Natural Gas Export of Australia: The Trade Analysis of 2024
Australia, in the Southern Hemisphere, with its thriving production capacity, has emerged as the topmost exporter of the globally demanded essentials, among which natural gas holds the second most position in the exported category of the nation in 2024. The robust global demand for Australia’s natural gas in Asia has been pivotal in boosting export revenue. Australia Import Data says that the supply transition acquired by the replacement capacity has continued the LNG export volume. The stable long-term contracts accounting for 80% of Australia’s LNG exports are initiated for a positive trade hike. The business investment made by the government authorities for increasing the supply chain integration with the topmost suppliers and traders of natural gas, like Japan, China, and South Korea, has contributed substantially to the export revenue.
The shift in the focus of LNG operations and the continuous investment of the management authorities in mineral reserves for fulfilling the global output of natural gas has recorded an annual export trade value of 65 billion US dollars in 2024. The pricing ranges offered as per the global standards of trade and the investment initiative for the modification of the transportation infrastructure has facilitated the exchange of goods within specific destinations. Subscribe to Import Globals, a leading import-export trade provider, to stay updated with the latest information on the natural gas export of Australia via the Australia Trade Data.
POLICY REFORMS SUPPORTING THE EXPORT OF NATURAL GAS FROM AUSTRALIA IN 2024
Government initiatives are the supporting structure that shapes the trade landscape of a specific region. The expansion of LNG infrastructure under the Gas Acceleration Programme was introduced by the management firms to increase the capacity of liquefied natural gas exports by enabling the higher volumes of shipments to Asian regions. The trade partnership agreements with key Asian markets, like strengthened bilateral agreements with Japan, South Korea, and China, have ensured the consistent export demand.
The streamlined offshore gas project has secured the environmental and regulatory approvals for offshore drilling. The investment incentive for gas exploration has encouraged the development of new gas fields. The integration of renewable energy in LNG operations was designed to attract the eco-conscious international buyers, driving the revenue rate in a positive manner.
THE LEADING VARIANTS OF NATURAL GAS EXPORTED FROM AUSTRALIA IN 2024
In contrast to the growing global demand for natural gas from the trade authorities of Australia, the country has introduced diversification to maintain continuity in the high-tech export revenue. According to the Australia Export Data, the top 10 leading variants of natural gas exported from the nation in 2024 are,
- North West Shelf (NWS) — The total annual valuation of North West Shelf (NWS) exported from Australia in 2024–19 billion US dollars
- Gorgon LNG– The total annual valuation of Gorgon LNG exported from Australia in 2024–13 billion US dollars
- Wheatstone LNG — The total annual valuation of Wheatstone LNG exported from Australia in 2024–10 billion US dollars
- Pluto LNG– The total annual valuation of Pluto LNG exported from Australia in 2024–9.87 billion US dollars
- Darwin LNG (DLNG) — The total annual valuation of Darwin LNG (DLNG) exported from Australia in 2024–8.65 billion US dollars
- Queensland Curtis LNG (QCLNG) — The total annual valuation of Queensland Curtis LNG (QCLNG) exported from Australia in 2024–7.19 billion US dollars
- Gladstone LNG (GLNG) — The total annual valuation of Gladstone LNG (GLNG) exported from Australia in 2024–4.68 billion US dollars
- Australia Pacific LNG (APLNG) — The total annual valuation of Australia Pacific LNG (APLNG) exported from Australia in 2024–3.76 billion US dollars
- Ichthys LNG– The total annual valuation of Ichthys LNG exported from Australia in 2024–2.91 billion US dollars
- Prelude FLNG — The total annual valuation of Prelude FLNG exported from Australia in 2024–2 billion US dollars
THE TOP 10 EXPORT TRADE PARTNERS OF AUSTRALIA FOR NATURAL GAS IN 2024
The increase in shipments and the pricing strategies offered as per the demand rate of central regions across the globe has maintained continuity in revenue generation. According to the Australia Customs Data, the top 10 export trade partners of the nation for natural gas exports in 2024 are,
- China — The annual valuation of natural gas exported from Australia to China in 2024–23 billion US dollars
Top 5 variants of natural gas exported
1. LNG Term Contract Cargo
2. LNG Swaps Cargo
3. LNG Trading Cargo
4. LNG for Gas-Fired Engines
5. LNG for Desalination Plants
- Japan — The annual valuation of natural gas exported from Australia to Japan in 2024–18 billion US dollars
Top 5 variants of natural gas exported
1. SNG from Waste-to-Energy Plants
2. LNG Cold Energy Utilization Gas
3. LNG in Virtual Pipeline Systems
4. LNG Used for Off-grid Communities
5. LNG Refrigeration Gas
- South Korea — The annual valuation of natural gas exported from Australia to South Korea in 2024–14 billion US dollars
Top 5 variants of natural gas exported
1. Renewable Natural Gas (RNG)
2. Biogas Upgraded to Natural Gas Quality
3. Landfill Gas (Processed to NG)
4. Synthetic Natural Gas (SNG) from Coal
5. SNG from Biomass
- United States — The annual valuation of natural gas exported from Australia to the United States in 2024–12 billion US dollars
Top 5 variants of natural gas exported
1. LNG Peak Demand Storage Gas
2. CNG Light Vehicle Fuel
3. CNG Heavy Vehicle Fuel
4. CNG for Industrial Boilers
5. CNG for Gas Turbines
- India — The annual valuation of natural gas exported from Australia to India in 2024–9 billion US dollars
Top 5 variants of natural gas exported
1. High Heating Value Natural Gas
2. Low Heating Value Natural Gas
3. LNG ISO Tank Cargo
4. LNG Rail Transport Fuel
5. LNG Gas-to-Liquids (GTL) Feedstock
- Taiwan — The annual valuation of natural gas exported from Australia to Taiwan in 2024–7 billion US dollars
Top 5 variants of natural gas exported
1. LNG for Power Generation
2. LNG for Industrial Use
3. LNG Road Transport Fuel
4. LNG Marine Fuel
5. Refrigerated LNG
- New Zealand — The annual valuation of natural gas exported from Australia to New Zealand in 2024–6 billion US dollars
Top 5 variants of natural gas exported
1. Small-scale LNG
2. Floating LNG (FLNG)
3. Mini LNG
4. Peak Shaving LNG
5. LNG Bunkering Fuel
- Vietnam — The annual valuation of natural gas exported from Australia to Vietnam in 2024–5 billion US dollars
Top 5 variants of natural gas exported
1. Sour Natural Gas
2. Sweet Natural Gas
3. Lean Natural Gas
4. Rich Natural Gas
5. Cryogenic LNG
- Indonesia — The annual valuation of natural gas exported from Australia to Indonesia in 2024–4.78 billion US dollars
Top 5 variants of natural gas exported
1. Coal Bed Methane (CBM)
2. Associated Natural Gas
3. Non-associated Natural Gas
4. Dry Natural Gas
5. Wet Natural Gas
- Singapore — The annual valuation of natural gas exported from Australia to Singapore in 2024–3.21 billion US dollars
Top 5 variants of natural gas exported
1. Liquefied Natural Gas (LNG)
2. Compressed Natural Gas (CNG)
3. Pipeline Natural Gas (PNG)
4. Shale Gas
5. Tight Gas
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