Cooking with gas: Revenue has risen rapidly as new LNG projects have begun operations

The Liquefied Natural Gas Production industry has rapidly expanded over the past five years, as strong project development has increased the scale of the industry. Australian liquefied natural gas (LNG) exports have increased from 14.3 million tonnes in 2006-07 to an expected 73.3 million tonnes in 2018-19. Industry revenue has increased at an annualised 20.5% over the five years through 2018-19, to reach $43.5 billion.The wave of project development that has occurred across the industry is expected to conclude in 2018-19. Ten LNG facilities are expected to be operational in the current year, including the Prelude and Ichthys projects, which are anticipated to come online by March 2019. Together, the industry's ten LNG projects have an annual nameplate capacity of 87.6...read more.

Industry Statistics & Market Size
Revenue
$43bn
Annual Growth 14-19
20.5%
Forecast Growth 19-24
Profit
Employment
26,670
Businesses
7

Industry Threats & Opportunities

  • The wave of project development that has occurred in the industry is expected to conclude in 2018-19
  • The major markets for Australian LNG are Japan, China, South Korea and Singapore
  • Import terminals for LNG are expected to be developed in Victoria and New South Wales
  • Industry Report - Industry SWOT Analysis Chapter

    The industry is in the growth stage of its life cycle. Following a wave of investment in LNG projects over the past decade, all of these projects are expected to be operational by 2018-19. As a result, the industry is forecast to transition to the mature stage of its life cycle over the next five years, as no firms are likely to construct new LNG projects . Industry value-added, which measures an industry's contribution to overall economic growth, is expected to increase at 9.8% over the ten years through 2023-24. This is an outperformance of Australia's GDP, which is expected to grow at an annualised 2.7% over the same period...purchase to read more.

    Additional Insights for the Liquefied Natural Gas Production Industry

    IBISWorld has determined the most important Key Success Factors for the Liquefied Natural Gas Production are:

  • Output is sold under contract - incorporate long-term sales contracts
  • Availability of resource
  • Must comply with government regulations
  • IBISWorld analysts also discuss how external factors such as Domestic price of natural gas and Export price of liquefied natural gas in the Liquefied Natural Gas Production industry impact industry performance..

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    What's in this report

    What is the Liquefied Natural Gas Production Industry?

    Industry firms operate liquefied natural gas production and export facilities.

    Industry Products
    Industry Activities
  • Natural gas purification
  • Natural gas cooling and liquefaction
  • Storing liquefied natural gas
  • Loading liquefied natural gas onto transport ships
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Domestic price of natural gas
  • Export price of liquefied natural gas
  • Public concern over environmental issues
  • US dollars per Australian dollar

  • Current Performance
  • History of LNG in Australia
  • Global demand for LNG
  • Cost structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Import terminal development
  • Regulation change
  • Global demand
  • LNG pricing schemes
  • Industry structure
  • Table: Liquefied Natural Gas Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Liquefied Natural Gas Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
    Key Selling Industries
  • Mining Support Services
  • Petroleum Exploration
  • Pipeline Transport

  • Products & Services
    Demand Determinants
    Major Markets
  • Japan
  • China
  • South Korea
  • Singapore
  • Other
  • Chart: Major Market Segmentation for the Liquefied Natural Gas Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Depreciation
  • Wages
  • Royalties
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Liquefied Natural Gas Production

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Liquefied Natural Gas Production Industry

  • Industry Globalization
    Chevron Australia Holdings Pty Ltd, Woodside Petroleum Ltd, Shell Energy Holdings Australia Limited, ConocoPhillips Australia Gas Holdings Pty Ltd, Origin Energy Limited, Santos Ltd,
  • Table: Chevron Australia Holdings Pty Ltd - financial performance
  • Table: Woodside Petroleum Ltd - financial performance
  • Table: Shell Energy Holdings Australia Limited - financial performance
  • Table: ConocoPhillips Australia Gas Holdings Pty Ltd - financial performance
  • Table: Origin Energy Limited - financial performance
  • Table: Santos Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Liquefied Natural Gas Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Liquefied Natural Gas Production Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Intermittent Renewable Generation
  • Energy generation from a source that is not always available, such as sunlight or wind.
  • Liquefied Natural Gas (Lng)
  • Natural gas that has been chilled until it becomes a liquid.
  • Wellhead Value
  • The gross value of energy production, minus all costs incurred in delivering the energy to the point of delivery.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Liquefied Natural Gas Production market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Liquefied Natural Gas Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Liquefied Natural Gas Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Liquefied Natural Gas Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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