Leading natural gas companies Australia 2024, by market capitalization
BHP Group led the natural gas companies listed on the Australian Securities Exchange as of March 2024, with a market capitalization of over 227 billion Australian dollars. Meanwhile, Woodside Energy Group took second place, with a market cap of around 58.8 billion Australian dollars.
Natural gas production in Australia
Australia’s natural gas production volume reached 152.8 billion cubic meters in 2022, almost triple the volume compared to a decade earlier. The state with the largest production volume of natural gas was Western Australia in 2021. Natural gas must first be converted to liquefied natural gas (LNG) before it can be shipped overseas, with Australia one of the leading exporters of LNG worldwide.
LNG export market
The export volume of liquefied natural gas from Australia sharply increased in 2019, though it has stabilized in the past few years. The export increase was supported by higher production at existing plants in the country. Japan was the leading export market for LNG from Australia, with the remaining major export destinations also located in Asia.