AUSTRALIA: THE 3-RD LARGEST LNG EXPORTER
Country Analysis Brief Overview
- Australia, rich in hydrocarbons and uranium, was the world's second-largest coal exporter in 2012 and the third-largest liquefied natural gas (LNG) exporter in 2013.
- Australia's dependence on oil imports has increased to fill the growing gap between domestic consumption and production.
- Australia's overall oil production has declined since 2000, although additions through condensate production and smaller crude oil developments are expected to offset declines in mature fields over the next few years.
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