LNG supports Australia’s prosperity
Australia’s LNG sector is a major contributor to national prosperity—supporting economic growth, domestic energy security and our regional trade and decarbonisation partnerships.
Billions in Economic Contributions
LNG exporters invest heavily in Australia and its economy, investing more than $400 billion between 2010 and 2025 and supporting a $105 billion annual economic contribution.
Economic Export Power
LNG is one of Australia’s most valuable exports, generating $92 billion in earnings in 2022–23 and providing major national benefits through investment, taxation and royalties, wages and employment.
Strengthening Global Relations
LNG export projects play a crucial role in both domestic energy security and Australia’s trade relationships, supporting both local gas supply and the decarbonisation pathways of our regional partners.
How does the LNG sector support Australia’s prosperity?
- Australia’s LNG sector has invested more than $400 billion in Australia since 2010, and accounts for much of the gas sector’s $105 billion annual contribution to the Australian economy. Source: Australian Energy Producers (2025), The Australian oil and gas industry’s tax contribution.
- Australia has benefited from the high levels of investment, income and employment that our LNG exports bring to our nation’s economy. For the 2022-23 financial year, LNG was Australia’s second largest export by value, with export earnings of $92 billion (nearly 20% of total Australian export earnings). Source: Department of Industry, Science and Resources (2024), Future Gas Strategy, p.9.
- Australia is, and will remain, a reliable trading partner for energy, including Liquefied Natural Gas (LNG) and low emission gases. Source: Department of Industry, Science and Resources (2024), Future Gas Strategy, p.6.
- Arguments that Australia could divert gas developed for export fail to recognise the domestic gas market’s reliance on supply from gas export projects, the nature of Australia’s trade and investment relationships and the role of Australian gas in our trade partners decarbonisation pathways. Source: Department of Industry, Science and Resources (2024), Future Gas Strategy, p.15.
- We have seen large scale investment from regional partners in Australia’s LNG industry over recent decades. This has benefits both to our trade partners, who rely on LNG for energy and as an input to many basic goods and services, and to Australia’s economy. Source: Department of Industry, Science and Resources (2024), Future Gas Strategy, p. 47.