Australia’s Natural Gas Exports: The in-depth Trade Overview of 2024

Natural gases are a mixture of gases occurring naturally, mostly methane and ethane, found deep underground, and are a top preference for global traders because of their wide use in electricity generation and other industrial processes. Due to the concentrated natural gas reserves in a few regions like the Middle East, Russia, and Qatar, along with the high global demand for energy, the global trade of natural gas has continued over time. Australia Import Data says, the country in the Southern Hemisphere, bordered by New Zealand and Indonesia in the North and Southeast direction, has recorded itself as a substantial contributor to the worldwide export market of the natural gas trade due to the large proven gas reserves and the multiple production hubs.

The country, with its shorter shipping routes and diversification for buyers, has resulted in a total export valuation of natural gas worth 67 billion US dollars in 2024. The higher demand for LNG in Asia and the energy security concerns have taken the bar graph of natural gas export to a positive height. Subscribe to Import Globals, the leading Australia import export trade provider, to stay updated with the latest information regarding the natural gas export of the nation via the Australia trade data. 

GOVERNMENT INITIATIVES SUPPORTING THE NATURAL GAS EXPORT OF AUSTRALIA IN 2024 

The Future Gas Strategy, launched in 2024, has provided regulatory clarity and a proper long-term policy framework to the manufacturers, which has promoted sustainability with proper encouragement of the export contracts. The Australian domestic gas security mechanism has balanced between export orientation and domestic supply security without triggering a public supply crisis and fulfilling its needs. 

The East Coast Domestic Gas Supply Heads of Agreement has helped the domestic authorities manage the demand rates with a proper balance in the supply while reducing the pressure to divert the export. The implementation of regulatory reforms, including the Gas Market Code, has encouraged the supply and investment to support the export-oriented output. 

THE TOP 10 LEADING VARIANTS OF NATURAL GAS EXPORTED FROM AUSTRALIA IN 2024 

The country with its lower emission gas supply and evolution of business models towards lower carbon has led to diversity in the global trade output. According to the Australia Export Data, the top 10 leading variants of natural gas exported from the nation in 2024 are,

  • LNG (Liquefied Natural Gas) – The total valuation of LNG (Liquefied Natural Gas) exported from Australia in 2024 – 21 billion US dollars
  • CSG / CBM (Coal Seam Gas / Coal-bed Methane) – The total valuation of CSG / CBM (Coal Seam Gas / Coal-bed Methane) exported from Australia in 2024 – 16 billion US dollars
  • Conventional Gas – The total valuation of Conventional Gas exported from Australia in 2024 – 12 billion US dollars
  • Tight Gas – The total valuation of Tight Gas exported from Australia in 2024 – 9.21  billion US dollars
  • Shale Gas– The total valuation of Shale Gas exported from Australia in 2024 – 7.24 billion US dollars
  • Basin-centred Gas – The total valuation of Basin-centred Gas exported from Australia in 2024 – 6.19 billion US dollars
  • NGLs (Natural Gas Liquids / Condensate) – The total valuation of NGLs (Natural Gas Liquids / Condensate)  exported from Australia in 2024 – 5.54 billion US dollars
  • LPG (Propane–Butane mix) – The total valuation of LPG (Propane–Butane mix)  exported from Australia in 2024 – 4.78 billion US dollars
  • Dry Gas – The total valuation of Dry Gas exported from Australia in 2024 – 3.19 billion US dollars
  • Low-emissions / Certified LNG – The total valuation of Low-emissions / Certified LNG exported from Australia in 2024 – 2.78 billion US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF AUSTRALIA IN 2024

The diversification benefit initiated by the trade authorities of Australia for buyers and the strong labour workforce engaged in sectoral expertise has built up trade relationships. As per the Australia Customs Data, the top 10 export trade partners of the nation for natural gas exports in 2024 are,

  • China – The total valuation of natural gas exported from Australia to China in 2024 – 19 billion US dollars

Top 5 variants of natural gas exported

  • Remote Onshore Gas
  • Marginal Gas Fields
  • Low-permeability Gas
  • Tight Sand Gas
  • Basin Gas (low permeability)
  • Japan– The total valuation of natural gas exported from Australia to Japan in 2024 – 14 billion US dollars

Top 5 variants of natural gas exported

  • Tight Shale Gas
  • Deep Shale Gas
  • Coalbed Methane from deep seams
  • Methane Hydrate (clathrate)
  • Stranded Remote Gas
  • South Korea – The total valuation of natural gas exported from Australia to South Korea in 2024 – 11 billion US dollars

Top 5 variants of natural gas exported

  • Pipeline Gas
  • Liquefied Petroleum Gas from the gas stream
  • Stabilized Condensate Gas
  • Refrigerated Gas
  • Dehydrated Gas
  • United States – The total valuation of natural gas exported from Australia to the United States in 2024 – 8.43 billion US dollars

Top 5 variants of natural gas exported

  • Propane-rich Gas
  • Butane-rich Gas
  • Pentane-rich Gas
  • Natural Gas Liquids (NGLs)
  • LPG (propane-butane mix)
  • India – The total valuation of natural gas exported from Australia to India in 2024 – 7.21 billion US dollars

Top 5 variants of natural gas exported      

  • Sour Gas (contains H₂S)
  • Acid Gas (high CO₂)
  • Nitrogen-rich Gas
  • Helium-rich Gas
  • Ethane-rich Gas
  • Taiwan – The total valuation of natural gas exported from Australia to Taiwan in 2024 – 6.45 billion US dollars

Top 5 variants of natural gas exported

  • Dry Gas
  • Wet Gas
  • Lean Gas (mostly methane)
  • Rich Gas (with higher hydrocarbons)
  • Sweet Gas (low H₂S)
  • New Zealand– The total valuation of natural gas exported from Australia to New Zealand in 2024 – 5.24 billion US dollars

Top 5 variants of natural gas exported

  1. Flared Gas (before processing)
  2. Dry Reservoir Gas
  3. Wet Reservoir Gas
  4. Gas Condensate Fields
  5. Associated Liquids Gas
  • Indonesia – The total valuation of natural gas exported from Australia to Indonesia in 2024 – 4.78 billion US dollars

Top 5 variants of natural gas exported

  • Basin-centered Gas
  • Stranded Gas
  • Biogenic Gas (microbial origin)
  • Thermogenic Gas (thermal decomposition origin)
  • Abiogenic Gas
  • Singapore – The total valuation of natural gas exported from Australia to Singapore in 2024 – 3.21 billion US dollars

Top 5 variants of natural gas exported

  • Shallow Reservoir Gas
  • Deep Reservoir Gas
  • Tight Gas
  • Shale Gas
  • Coal Seam Gas
  • Hong Kong – The total valuation of natural gas exported from Australia to Hong Kong in 2024 – 2.65 billion US dollars

Top 5 variants of natural gas exported

  • Conventional Gas
  • Associated Gas (with oil)
  • Non-associated Gas
  • Offshore Gas
  • Onshore Gas

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