An Australian Council of Learned Academies (ACOLA) report in 2013 found that Australia could have more than 1000 trillion cubic feet (tcf) in recoverable shale gas.
The parts of Australia most likely to hold commercial shale gas deposits are in:
Australia’s gas supply is growing as new technology allows companies to produce from large reserves that were too difficult to access until recently.
Aside from shale gas, Australia already has an estimated 819 tcf of known gas resources (enough to power a city of 1 million people for 16,000 years). More discoveries are considered likely.
In 2013, the entire Australian economy consumed only 1.1 tcf of gas, with a further 1.1 tcf exported.