LNG

$3.25 ($USD/MMBtu)
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About LNG

  • Australia has 47 years of gas reserves at current production rates.
  • Australia is the second largest liquefied natural gas (LNG) exporter in the world. LNG is a compressed liquid form of gas where its volume reduces by 600 times, which is like a beach ball being compressed into a ping pong ball.
  • Australia has a world leading gas industry with the oil and gas industry employing around 80,000 people, many in regional towns.(Source; Dept of IIS, 2019)
  • Australian LNG exports were valued at more than $43 billion in 2018