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LNG – Weekly Chart--
LNG – Yearly Chart--
- 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