Business Chief APAC+ANZ Magazine October 2018 | Page 76

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Natural gas A $ 25.62bn

In 2017 , Australia exported $ 18.34bn ( A $ 25.62bn ) worth of natural gas . This industry has grown significantly over the past couple of years , with export sales increasing by 43 % from 2016 ’ s figure of $ 12.82bn ( A $ 17.91bn ). As of yet , natural gas makes up 6.6 % of the total export space – but according to Business Insider this is only set to rise , with Australia expected to become the world ’ s largest exporter of natural gas by 2019 . A report stated that LNG ( liquefied natural gas ) exports from the country will reach 77mn tonnes in 2018-19 , up from 52mn in 2016-17 .
OCTOBER 2018