Demonstrating Australia’s gas export problem: INPEX vs Aus states
When one company exports more than is consumed in NSW, Victoria and South Australia combined, there is clearly no gas shortage.
A lot of gas is exported from Australia. To demonstrate this, the chart above compares the amount of gas that is used in all of NSW, Victoria and South Australia with the gas that is exported by just one company, the Japanese giant INPEX.
INPEX’s gas terminal in Darwin exports around 9 million tonnes of liquified natural gas (LNG) each year, which in energy terms is approximately 441 petajoules (PJ).
The Australian Energy Statistics estimate the gas consumption of each state – Victoria 215 PJ, NSW 134 PJ and South Australia 75 PJ, a total of 424 in 2022-23.
INPEX is just one of many multinational companies that export Australian gas. The fact that INPEX alone exports more gas than is used by all households and businesses (including electricity generators) in three states demonstrates that there is no gas shortage in Australia. Instead, Australia has a gas export problem.
As acknowledged by all sides of politics, any problem with Australian gas supply or price could be fixed rapidly by diverting some gas for exports. The next Australian Parliament has a great opportunity to fix Australia’s gas export problems.
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