Yes, Australia has abundant domestic gas supplies from onshore and offshore basins, but a large majority (around 80%) is exported as Liquefied Natural Gas (LNG), leading to potential domestic shortfalls, particularly on the East Coast, despite the overall resource wealth, necessitating discussions around supply priorities and investment in new projects.
Australia maintained its position as one of the world's largest LNG exporters, ranking third behind Qatar and the US. Approximately 73% of all natural gas produced in Australia was exported and LNG exports remained near record levels, decreasing slightly (2.1%) to 4,541 PJ.
Australian Gas Network (AGN) is part of the Australian Gas Infrastructure Group (AGIG), which owns and operates gas transmission and distribution pipelines across Australia. AGN is one of Australia's largest natural gas distribution companies.
Red Energy is 100% Australian, owned by Snowy Hydro, a leader in renewable energy and is a proud partner of Vail Resorts Australia.
Australia Institute research shows 80% of Australia's gas is exported by foreign-owned gas corporations...
Note: Observations to date indicate Australian warming of around 1.6 °C from 1850-1900 compared to around 1.1 °C for the global average warming. This makes a ratio of around x1. 4 (see Australian Warming for more information).
Australian governments charge no royalties on 56% of the gas that is exported from Australia, which includes all the gas exported from the Northern Territory.
Forty-eight per cent of AusNet is publicly listed on the ASX, 32 per cent is owned by Singapore Power which is controlled by Singapore government investment fund Temasek and the remaining 20 per cent is owned by State Grid of China.
Yes, Australians often pay high electricity prices compared to many other countries, being around or slightly above the OECD average, but affordability depends on income; while raw prices are high (e.g., ~39c/kWh recently), when adjusted for local living costs, Australia ranks lower in affordability, though still experiencing significant household budget pressure due to high costs and reliance on coal/gas, making them struggle with bills.
The "Red Energy scandal" refers to multiple incidents where the Australian energy retailer faced penalties and scrutiny from regulators for misleading customers, particularly regarding "best offer" information, removing hardship protections, and deceptive telemarketing, costing them hundreds of thousands in fines and requiring enforceable undertakings to fix systemic issues like failing to inform vulnerable customers about cheaper plans or losing their support when they moved house.
This is both true and not true. Australia-wide, there is no shortage of gas. We're the world's second largest exporter of liquefied natural gas (LNG), after all. Critics see the purported supply crisis as a move by the industry to open up new gas fields.
AGL. Listed on the ASX and majority-owned by Australian investors. Technically not fully Australian-owned due to international shareholding, but Australian in origin.
As the biggest ASX-listed oil and gas stock by market cap, Woodside Energy Group leads the country in natural gas production and is considered a pioneer in Australia's LNG industry. In June 2022, Woodside Petroleum merged with BHP's (ASX:BHP,NYSE:BHP,LSE:BHP) oil and gas business to form Woodside Energy Group.
Australia offers none of the capital or operating cost benefits available in many developing countries. Compared to refineries across Asia, Australian refineries suffer from substantial disadvantages in operating and capital costs that preclude Australia from consideration for major new refinery projects.
Australia has taken this action alongside our international partners, including the European Union, the United Kingdom, Canada, New Zealand and Japan. Australia maintains its total ban on imports from Russia of oil and refined petroleum.
Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, and Russia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than 0.1 U.S. dollars per kilowatt-hour.
Neither EnergyAustralia nor Origin is definitively cheaper; it depends heavily on your location (state), specific energy plan, usage habits, and whether you bundle services, with EnergyAustralia often competitive in NSW electricity but Origin offering better value in SA/ACT and for gas bundles, while Origin also provides perks like Everyday Rewards points. You must compare current plans in your specific region using comparison sites to find the best deal for your household's needs.
Firstly, gas is generally cheaper than electricity, so if you have access to a gas supply, it is likely to be the cheaper option. However, if you do not have access to a gas supply, electric heating may be your only option.
Gina Rinehart is often cited as Australia's largest private landowner, controlling millions of hectares through her Hancock Prospecting and other interests, primarily for mining and cattle, but ownership is complex with vast areas held under lease and significant land also owned by large corporations like the Australian Agricultural Company and First Nations groups, notes The Guardian and A-Z Animals.
Yes, approximately 90% of people in China own their homes, making it one of the highest homeownership rates globally, a result of significant housing reforms starting in 1998 that privatized public housing, alongside strong cultural emphasis on owning property as a marker of stability and a prerequisite for marriage, though it's important to note ownership is of the building, not the land, which remains state-owned. Urban rates hover around 87%, while rural rates are over 95%, with many families owning multiple properties.
Snowy Energy | 100% Australian-owned renewable energy.
The top 10 issues Australians say are the most concerning
Australia's land surface had warmed at about 1.4 times the global average of 1.1C, the study said. Dr Linden Ashcroft, a climate scientist at the University of Melbourne, said: “Every hundredth of a degree of warming matters. [Hitting 1.5C] might be symbolic, but it does not make it any less scary.
Gas is a polluting fossil fuel that's driving climate change
And yet, a lot of Australians don't know that gas is a polluting fossil fuel, thanks to a concerted PR campaign from the gas industry to market gas as “natural” and clean.