Australia Natural Gas Market Size, Share & Trends

Australia Natural Gas Market Size, Share, Trends and Forecast by Type and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A36650

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Australia Natural Gas Market Overview:

The Australia natural gas market size reached USD 31.56 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 73.35 Billion by 2033, exhibiting a growth rate (CAGR) of 8.8% during 2025-2033. Growing domestic energy demand, export opportunities, government policies supporting clean energy transition, technological advancements in extraction, and global price fluctuations are some of the factors contributing to Australia natural gas market share. Key factors include LNG exports, energy security, industrial consumption, and increasing demand for cleaner energy sources.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 31.56 Billion
Market Forecast in 2033	USD 73.35 Billion
Market Growth Rate 2025-2033	8.8%

Australia Natural Gas Market Trends:

Growth in Natural Gas Sector

Australia’s natural gas industry is seeing significant expansion with major infrastructure projects boosting its global energy position. Large-scale facilities located in key regions are playing a vital role in processing and exporting natural gas to meet international demand. These developments enhance Australia’s capacity to supply substantial LNG volumes, reinforcing its status as a reliable energy provider. The focus on increasing production capabilities is strengthening the country’s role in the global market, ensuring a steady and secure supply for major international buyers. The growing energy sector highlights Australia’s strategic importance in the evolving global energy landscape. These factors are intensifying the Australia natural gas market growth. For example, the North West Shelf facility, operated by Woodside Energy Group Ltd., is a major player in Australia's natural gas market. Located in Western Australia's Pilbara region, the AUD 34 Billion project has delivered over 6,000 LNG shipments since 1989. It processes enough gas annually from the Indian Ocean fields to satisfy the LNG demand of a mid-sized importer like Spain.

Australia Natural Gas Market Size

Expansion of Natural Gas Production

In Australia, the natural gas market is experiencing significant growth as key projects are approved to increase production capacity. Major facilities on the East Coast are expanding to meet both domestic and export demands. New developments include the drilling of additional wells, infrastructure upgrades, and the construction of new pipelines, which are expected to enhance the overall output. These expansions are set to boost gas production, ensuring a steady supply to existing LNG export terminals. This growth strengthens Australia's position as a leading player in the natural gas market, particularly on the east coast, reinforcing its role in global energy trade and helping to meet rising global demand. For instance, in August 2024, Shell and PetroChina's joint venture, Arrow Energy, approved the Phase 2 expansion of its Surat Gas Project in Queensland, Australia, with first gas expected by 2026. The project will produce 22,400 BOE/D of gas, feeding Shell’s Queensland Curtis LNG facility to meet domestic and export demand. The expansion includes up to 450 new wells, infrastructure upgrades, and a new pipeline. The project solidifies Arrow’s role as a major natural gas producer in Australia’s east coast market.

Australia Natural Gas Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type.

Type Insights:

Compressed Natural Gas
Piped Natural Gas
Liquefied Petroleum Gas

The report has provided a detailed breakup and analysis of the market based on the type. This includes compressed natural gas, piped natural gas, and liquefied petroleum gas.

Regional Insights:

Australia Capital Territory & New South Wales
Victoria & Tasmania
Queensland
Northern Territory & Southern Australia
Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Natural Gas Market News:

In March 2025, ExxonMobil and Woodside invested AUD 350 Million in new offshore natural gas drilling projects in the Bass Strait to supply Australia's East Coast Gas System. The Turrum and North Turrum gas fields would address a projected gas shortfall by 2027, supporting domestic demand for power generation, manufacturing, and homes. The investment aims to strengthen energy security, while Australia's transition to renewable energy continues. Drilling is expected to begin by 2027.

Australia Natural Gas Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Region
Types Covered	Compressed Natural Gas, Piped Natural Gas, Liquified Petroleum Gas
Regions Covered	Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Australia natural gas market performed so far and how will it perform in the coming years?
What is the breakup of the Australia natural gas market on the basis of type?
What is the breakup of the Australia natural gas market on the basis of region?
What are the various stages in the value chain of the Australia natural gas market?
What are the key driving factors and challenges in the Australia natural gas market?
What is the structure of the Australia natural gas market and who are the key players?
What is the degree of competition in the Australia natural gas market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia natural gas market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia natural gas market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia natural gas industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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Australia Natural Gas Market