Leading natural gas companies Australia 2024, by market capitalization

BHP Group led the natural gas companies listed on the Australian Securities Exchange as of September 2024, with a market capitalization of over 216 billion Australian dollars. Meanwhile, Woodside Energy Group took second place, with a market cap of around 48 billion Australian dollars. 

Natural gas production in Australia

Australia’s natural gas production volume exceeded 151 billion cubic meters in 2023, almost triple the volume compared to 2010. The state with the largest production volume of natural gas was Western Australia. Natural gas must first be converted to liquefied natural gas (LNG) before it can be shipped overseas, with Australia one of the leading exporters of LNG worldwide.

LNG export market

The export volume of liquefied natural gas from Australia sharply increased in 2019, though it has stabilized in the past few years. The export increase was supported by higher production at existing plants in the country. Japan was the leading export market for LNG from Australia, with the remaining major export destinations also located in Asia.