Frank wrote on Jun 20
th, 2024 at 6:03pm:
Australia’s Energy Production, Consumption and Exports
Australia has an estimated 46 per cent of uranium resources, 6 per cent of coal resources, and 2 per cent of natural gas resources in the world. In contrast, Australia has only about 0.3 per cent of world oil reserves.
Australia produces about 2.4 per cent of total world energy and is a major supplier of energy to world markets, exporting more than three-quarters of its energy output, worth nearly A$80 billion.
Australia is the world’s largest exporter of coal. Coal accounts for more than half of Australia’s energy exports. Australia is one of the world’s largest exporters of uranium, and is ranked sixth in terms of liquefied natural gas (LNG) exports.
In contrast, more than half of Australia’s liquid fuel needs are imported.Australia is the world’s twentieth largest consumer of energy, and fifteenth in terms of per capita energy use.
Australia’s primary energy consumption is dominated by coal (around 40 per cent), oil (34 per cent) and gas (22 per cent). Coal accounts for about 75 per cent of Australia’s electricity generation, followed by gas (16 per cent), hydro (5 per cent) and wind around (2 per cent).https://www.ga.gov.au/scientific-topics/energy/overview Australia has been plunged into a fresh energy crisis amid warnings of gas shortages along the eastern seaboard after supply disruptions and a winter cold snap triggered a run on reserves, raising fears of manufacturing shutdowns if supplies are curtailed.
As revealed by The Australian, an emergency phone hook-up was convened on Thursday, with the national energy market operator telling gas companies the southern states were now dependent on supplies being sent from Queensland for the rest of winter.
The meeting was held after a “threat notice” was sent to the gas industry, warning that the market had tightened substantially amid supply disruptions from a major source in Victoria that had caused a depletion of reserves.
Australian Pipelines and Gas Association chief executive Steve Davies said: “For half a decade, industry has been warning about looming gas supply shortfalls. Little has been done to remedy it. The opposite has occurred, and businesses are being asked to pay the price.”
Mr Davies said poor generation from large-scale renewables had also exacerbated the supply crisis.
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The extreme lows in renewable generation, particularly wind yields, have meant gas-powered generation has picked up a significantly larger load to keep the lights on and ensure electric homes can remain heated,” he said.
The market operator warned in March that gas generators might be forced to burn diesel to keep the power grid running after authorities revealed states faced a catastrophic supply shortfall from next year unless new sources of supply were developed.
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