Australia Natural Gas Market Insights Forecasts to 2033

• The Australia Natural Gas Market Size was valued at USD 24.35 Billion in 2023.
• The Market Size is Growing at a CAGR of 2.79% from 2023 to 2033
• The Australia Natural Gas Market Size is Expected to Reach USD 32.05 Billion by 2033

The Australia Natural Gas Market Size is Anticipated to Reach USD 32.05 Billion by 2033, growing at a CAGR of 2.79% from 2023 to 2033.

Market Overview

Natural gas is a naturally available gaseous fuel that comprises hydrocarbons along with traces of methane and other high alkanes. Natural gas is a source of integrated thermal energy systems. It is being used to generate heat and electricity. Natural gas is extensively used in transport, infrastructure, as well as power generation among other uses. Natural gas pipelines comprise various ways through which natural gas is transported from one location to another. Furthermore, the growing need for natural gas, which is extensively utilized in the production of electricity and other industrial processes, is fueled by the expanding need for energy. The dynamics of the market are also influenced by the development of natural gas as a transportation fuel and the infrastructure supporting liquefied natural gas (LNG).

Report Coverage

This research report categorizes the market for the Australia natural gas market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Australia natural gas market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Australia natural gas market.

Driving Factors

The increased use of natural gas as an alternative fuel for different purposes is creating a demand in Australia. It has more environmental advantages than ordinary gasoline as the main reason for its attraction. Natural gas, a fuel gas produced locally, is delivered to customers through Australia's current natural gas distribution infrastructure.

Restraining Factors

Higher dependence on gas may hamper the attainment of climate objectives. Exporters are concerned with selling liquefied natural gas (LNG) abroad for higher prices. As a result, the nation may face shortages and a rise in gas prices, making gas less appealing to the Australia natural gas market.

Market Segmentation

The Australia natural gas market share is classified into type and source.

• The methane segment is expected to hold the largest market share through the forecast period.

The Australia natural gas market is segmented by type into methane, ethane, propane, and others. Among these, the methane segment is expected to hold the largest market share through the forecast period. Major usage of methane gas in Australia has been dominated by two major industries, namely agricultural and fossil fuel extraction. Even more significantly, methane is emitted by garbage disposal facilities and from landfills, though at very low levels. Methane is a potent green gas, trapping heat much more efficiently than carbon dioxide and, therefore, seriously affects climate change.

• The conventional gas segment is expected to dominate the Australia natural gas market during the forecast period.       

Based on the source, the Australia natural gas market is divided into conventional gas and unconventional gas. Among these, the conventional gas segment is expected to dominate the Australia natural gas market during the forecast period. It has conventional gas reserves, most of them offshore, and has quickly emerged as a major center for the production and export of natural gas. Australia was long the world's leading producer and exporter of natural gas; these exports, in the form of liquefied natural gas or LNG, have recorded recent records.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Australia natural gas market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Shell
• Chevron
• Woodside Energy Group
• BHP Group
• TotalEnergies SE
• BP PLC
• ExxonMobil Corporation
• Coexistence Queensland
• Australian Competition and Consumer Commission (ACCC)
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Australia, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Australia Natural Gas Market based on the below-mentioned segments:

Australia Natural Gas Market, By Type

• Ethane
• Propane
• Methane
• Others

Australia Natural Gas Market, By Source

• Conventional Gas
• Unconventional Gas