The liquefied natural gas (LNG) export sector in Australia has experienced significant growth from 2013 to 2023, reaching 115.49 billion cubic meters in 2023. This period saw considerable year-on-year fluctuations, with a notable peak in 2016 at 51.29% growth. The last five years before 2024 have shown a steadier trend, with a CAGR of 4.69%. Forecasts suggest that from 2024 to 2028, the growth rate will moderate, reflecting a forecast 5-year CAGR of 1.16% and a forecast 5-year growth rate of 5.94%.
Future trends to watch for in the LNG export market include technological advancements in extraction and transport, policy changes regarding energy exports, and shifts in global demand driven by environmental regulations and market competition. Sustainability and geopolitical dynamics will also play crucial roles in shaping the future landscape of Australia's LNG industry.
