Australia Natural Gas Market - Supply and Demand Outlook by Production Breakdown, Power Capacity, Consumption and Usage by Industry and Upcoming Projects, 2021-2026
Summary
In Oceania, Australia is the largest producer of natural gas, followed by Papua New Guinea and then New Zealand. Currently, supply of natural gas in Oceania is exceeding the demand. Australia natural gas supply is forecast to decline by about 8% and demand is also forecast to decline by 2%. Currently supply is meeting demand in Australia. In the next 5 years the supply and demand for natural gas is forecast to decline as a slow and steady rate. However, it is expected that the supply still meets the demand of the country.
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