Australia LNG exports 2023| ��ƽ��

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
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Release date

September 2024

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Region

Australia

Survey time period

FY 2023

Supplementary notes

Values have been rounded.

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.

Citation formats

Japan was Australia's top export market for LNG in the fiscal year 2023, with an export value of about ** 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 ** 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 *** 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 **** 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.