Gas production in Australia has experienced significant growth between 2013 and 2019, with a peak year-on-year increase of 26.29% in 2016. This was followed by a period of relatively stable growth from 2020 to 2023, with more moderate year-on-year variations, culminating at 15.13 Billion Cubic Feet Per Day (BCFPD) in 2023.

The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) was recorded at around 4.19%. Future projections from 2024 suggest continued growth, albeit at a slower pace, with a forecasted five-year CAGR of 0.97% and a total growth of approximately 4.96%, reaching 16.19 BCFPD by 2028.

Future trends to watch for include:

Technological advancements in extraction and production techniques
Changes in global demand and pricing for natural gas
Regulatory developments and environmental policies influencing production levels
Investment in sustainable energy sources and their impact on gas production