Australia’s gas usage to drop to 34% by 2030

This comes as the market transitions away from gas.

Australia’s gas usage is expected to drop further to 34% by 2030, the Institute for Energy Economics and Financial Analysis (IEEFA) reported.

Gas usage for power generation dropped to 47% between 2014 and 2022 as Australia transitions away from gas. IEEFA noted the amount of gas Australia needs for electricity generation is at just 4%.

“The fact is the renewables’ share of generation has gone up two-and-a-half times while gas usage for gas-fired generation in the National Electricity Market has nearly halved. We have a renewables-rich grid, and our study has demonstrated that the amount of gas needed in the energy transition is small and continues to shrink,” Bruce Robertson, IEEFA’s lead gas analyst, said.

“Just because the gas industry continues to say we need more gas to transition, and just because the Prime Minister repeats it, doesn’t make it true. APPEA is intentionally conflating an increase in gas-peaking capacity with an increase in gas demand from electricity generation.”

Follow the link for more news on

IEEFA

Also Read

MGen’s $4b Terra Solar plant to aid Philippine RE transition

What is the future of gas in Australia's energy market?

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

India’s Rajasthan and Gujarat need policy reforms to fuel RE transition

Some steps they could take are implementing green tariffs and setting infrastructure funds.

18 hours ago

Global clean energy tech market to hit $2t by 2035

This is fuelled by investments as countries aim to enhance energy security.The global clean energy technology market is projected to grow from $700b in 2023 to over $2t by 2035, nearing the scale of the crude oil market, according to the International Energy Agency (IEA).This growth is fuelled by significant investments in clean technology manufacturing as countries aim to enhance energy security, maintain economic competitiveness, and cut emissions. Investment is concentrated in regions with established positions in clean energy, particularly China, the European Union, the UK, and increasingly, India.Whilst the US, EU, and India have taken measures to support their clean energy sectors, China is expected to remain the world's manufacturing hub. By 2035, China's clean technology exports are forecasted to exceed $340b—comparable to projected oil export revenues from Saudi Arabia and the UAE.Southeast Asia, Latin America, and Africa contribute less than 5% of global cleantech production value, yet the IEA suggests that these areas still hold opportunities within the clean energy economy. Developing economies, for instance, could leverage competitive advantages to advance in the value chain beyond resource extraction.The IEA said Southeast Asia could become one of the most cost-effective regions for producing polysilicon and wafers for solar panels over the next decade.

18 hours ago

NSW OKs Liverpool Range Wind Farm expansion