Japan was Australia's top export market for LNG in the fiscal year 2023, with an export value of about 35 billion Australian dollars. Australia's exports of liquefied natural gas to Japan saw an increase in value compared to the previous year, maintaining Japan's place as Australia's top LNG current importer.
Oil and gas industry in Australia
The oil and gas industry in Australia is a significant contributor to the country's economy. In fiscal year 2022, the EBITDA of the oil and gas extraction sector was about 51 billion Australian dollars, which marked the highest EBITDA recorded over the reported period. The largest share of the industry's revenue is derived from the production of natural gas. Liquefied natural gas exports from Australia reached a total value of about 177 million megaliters during the fiscal year 2023.
Liquid natural gas worldwide
Liquefied natural gas (LNG) is natural gas that has been converted into a liquid state by cooling it to minus 162 degrees Celsius, making it more practical and cost-effective to transport over long distances by sea or land. It is an increasingly important energy source worldwide, used as a fuel for power generation, heating, and transportation. The worldwide supply of LNG was forecast to increase by some 25.1 million metric tons in 2022. As the need for cleaner energy sources grows, LNG is anticipated to be crucial in the shift to a more sustainable energy source.
Leading markets for liquefied natural gas (LNG) exports from Australia in financial year 2023, by export value
(in billion Australian dollars)
Characteristic
Export value in billion Australian dollars
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Australia's financial year runs from July to June of the stated year. For example, financial year 2022 starts on July 1, 2021 and ends on June 30, 2022.
Only the five leading export markets are represented.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Department of Industry, Science, Energy and Resources (Australia). (March 28, 2024). Leading markets for liquefied natural gas (LNG) exports from Australia in financial year 2023, by export value (in billion Australian dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1338931/australia-lng-export-leading-markets-by-country/
Department of Industry, Science, Energy and Resources (Australia). "Leading markets for liquefied natural gas (LNG) exports from Australia in financial year 2023, by export value (in billion Australian dollars)." Chart. March 28, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1338931/australia-lng-export-leading-markets-by-country/
Department of Industry, Science, Energy and Resources (Australia). (2024). Leading markets for liquefied natural gas (LNG) exports from Australia in financial year 2023, by export value (in billion Australian dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1338931/australia-lng-export-leading-markets-by-country/
Department of Industry, Science, Energy and Resources (Australia). "Leading Markets for Liquefied Natural Gas (Lng) Exports from Australia in Financial Year 2023, by Export Value (in Billion Australian Dollars)." Statista, Statista Inc., 28 Mar 2024, https://www.statista.com/statistics/1338931/australia-lng-export-leading-markets-by-country/
Department of Industry, Science, Energy and Resources (Australia), Leading markets for liquefied natural gas (LNG) exports from Australia in financial year 2023, by export value (in billion Australian dollars) Statista, https://www.statista.com/statistics/1338931/australia-lng-export-leading-markets-by-country/ (last visited August 25, 2024)
Leading markets for liquefied natural gas (LNG) exports from Australia in financial year 2023, by export value (in billion Australian dollars) [Graph], Department of Industry, Science, Energy and Resources (Australia), March 28, 2024. [Online]. Available: https://www.statista.com/statistics/1338931/australia-lng-export-leading-markets-by-country/