, Australia

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%. 

Read more: Australia allocates $1.4b for hydrogen development

“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

Join Asian Power community
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!

Exclusives

Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.
PLN focuses digital processes on equitable electricity distribution
State-run firm’s president succeeded in electrifying 76,900 villages and sub-districts throughout Indonesia.
VOX POP: How can vehicle-to-grid technologies boost energy transition?
Vehicle-to-grid (V2G) technology is seen as a groundbreaking innovation towards the resilience of the power grid and the improvement of robust energy transition.