Australia has more than enough gas for both domestic and export markets.
The country’s gas supply can grow substantially as new technology allows companies to produce from large reserves that were too difficult to access until recently.
Australia has an estimated 819 trillion cubic feet (tcf) of gas resources (enough to power a city of 1 million people for 16,000 years). More discoveries are considered likely.
In 2016, Australia’s combined domestic and export gas production was 3.2tcf.
Greater development of the country’s extensive gas reserves would greatly enhance energy security as gas is not only abundant, but also reliable and flexible.
Gas is unaffected by weather or the time of day, so it can provide constant power. It can also be easily turned on and off to meet spikes in demand or to fill gaps in other forms of power production.