AUSTRALIA RUNS
ON NATURAL GAS
Powering jobs, business and growth.
The oil and gas industry is one of Australia’s biggest tax-paying sectors, contributing a record $21.9 billion in taxes and royalties in 2024–25 to federal, state
and territory governments1.
This takes the industry’s tax and royalties contribution over the past three years alone to almost $60 billion, underscoring the industry’s substantial and ongoing contribution to the Australian economy.
AUSTRALIA'S SECOND BIGGEST CORPORATE TAXPAYER.2
1 IN EVERY 10 DOLLARS OF COMPANY TAX PAID IN AUSTRALIA.3
EQUIVALENT TO THE COST OF THE PHARMACEUTICAL BENEFITS SCHEME.3
1. Australian Energy Producers 2024-25 Financial Survey. 2. ATO Statistics.
3. 2025-26 Federal budget.
Natural gas plays a vital role in keeping the country running. It supports hundreds of thousands of Australian jobs and is fundamental in securing Australia’s energy future.
$100+ BILLION
annual contribution.1
3.7% OF GDP
in Australia is generated by the gas sector.2
215,000 JOBS
supported in Australia.3
1&3. Economic contribution of the gas industry, KPMG, Dec 2024. 2. Australian Energy Producers Financial Survey 2024-25.
And now, more than ever, Australia needs more gas.
Australian natural gas isn’t just essential for the economy, it impacts your daily life. It powers homes, keeps businesses running, and supports industries that provide jobs for hundreds of thousands of people.
From energy that powers schools and hospitals, to local manufacturing, to affordable heating and cooking at home, Australian natural gas helps keep Australia running.
However,
despite abundant untapped gas reserves, Australia is facing forecast gas shortfalls on the east coast from 2028 and in Western Australia from 2030.
Without new gas projects, Australian households and businesses face higher energy prices, uncertain energy supply, and increased risk of blackouts that will hit every part of the economy.
Addressing these risks should be a national priority.
Australia needs more gas, because more gas will HELP keep Australia’s lights on.
“Flexible gas-powered generation will remain the ultimate backstop in a high-renewable power system.”
AEMO CEO Daniel Westerman,
Gas Statement of Opportunities, 2025. Link here.
“New sources of gas supply are needed to meet demand during the economy-wide transition.”
– Australian Government Department of Industry, Science and Resources, Future Gas Strategy, June 2024.
Link here.
“There is an urgent need to develop new sources of gas production and supply.”
– ACCC Gas Inquiry 2024.
Link here.
“15GW of new gas generation capacity is needed by 2050 to meet demand.”
– AEMO Integrated System Plan 2024.
Link here.
More Gas Can Help Bring Energy Bills Down.
Developing Australia’s abundant gas resources can reduce the need for more expensive imported gas, putting downward pressure on prices.1
1. ACCC Gas Inquiry, December 2024.
More Gas Means
More
Jobs.
A 5% increase in Australia’s gas production would boost the Australian economy by $10.5 billion and add 1,150 ongoing jobs.2
2. Economic contribution of the gas industry, KPMG, Dec 2024.
Australia needs
more gas, not less.
Australia’s future energy and economic
security depends on natural gas.
Stay informed and help support a strong, reliable energy future.