Oil and Gas News

Gas secures top position: Australian Energy Statistics

Australian Energy Statistics

The 2021 Australian Energy Statistics has confirmed that gas increased the most of all energy types in 2019–20 – growing 4 per cent.

In total, gas provided 27 per cent of Australia’s energy mix in 2019-20 and was the most-used energy source by the manufacturing sector, increasing to 42 per cent of manufacturers’ energy needs.

Minister for Energy and Emissions Reduction Angus Taylor said dispatchable generation sources are crucial to keeping the lights on and putting downward pressure on prices.

“The government is focused on protecting consumers from high prices and reliability risks as technologies in the energy sector change,” Taylor said.

“We need to keep existing dispatchable supply in the market for as long as it is needed and ensure that retiring capacity is adequately replaced with new dispatchable generation to support the secure, reliable and affordable supply of electricity for all Australians.”

Taylor said the manufacturing sector’s increasing use of gas also shows how gas is key to Australia’s economic prosperity.

The statistics also highlight the significant impact COVID-19 had on some parts of Australia’s energy supply and use.

Overall energy consumption fell by 2.9 per cent in 2019-20, compared to average growth of 0.7 per cent in the previous decade. This was largely driven by a 9 per cent drop in the transport sector due to less passenger air and road travel.

In addition, renewables continued to increase as a share of total generation in calendar year 2020, rising to 24 per cent – up from 21 per cent the previous year.

As the share of renewables continues to grow, the statistics confirm the important role reliable energy sources like gas and coal continue to play in our energy system by providing the majority of generation.

Subscribe to Oil & Gas Today for the latest industry news.

©2021 All Rights Reserved. Oil & Gas is a registered trademark of Prime Creative Media.