Australia Oil And Gas News
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Introduction

  • Australia has considerable petroleum and natural gas reserves and is one of the few countries belonging to the Organization for Economic Cooperation and Development (OECD) that is a significant net hydrocarbon exporter, exporting about two-thirds of its total energy production. Australia was the fourth largest exporter of liquefied natural gas (LNG) in 2009, after Qatar, Malaysia, and Indonesia.
  • Australia‚Äôs prospects for expanding these energy exports in the future are promising as Asian demand for LNG is rising along with Australia's proven natural gas reserves. While Australia also exports crude oil and refined petroleum products, it is a net importer of oil.

News

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