Energy in Australia

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Uranium Australia has the world’s largest EDR of uranium with an estimated 592,765 petajoules (1,151 kt) at the end of 2014. This represents around one-third of global resources. At current rates of production, Australia’s uranium resources are sufficient for a further 231 years of production. The majority of Australia’s uranium resources are located in South Australia, the Northern Territory and Western Australia. The Olympic Dam deposit in South Australia is the world’s largest uranium deposit. Australia has significant potential for the discovery of new uranium resources, including through the Woomera Protected Area in South Australia. Figure 2.4: Australia Economic Demonstrated Resources of uranium 700,000 600,000 500,000 PJ 400,000 300,000 200,000 100,000 0 1990 1993 1996 1999 2002 2005 2008 2011 2014 Source: Geoscience Australia (2015) Exploration Exploration expenditure on energy resources in Australia was $4.1 billion in 2014–15, about $1 billion less than 2013–14. Oil and gas accounted for 92 per cent of total expenditure at around $3.8 billion. 20 ENERGY IN AUSTRALIA 2015
Coal and uranium exploration spending has dropped significantly since 2012–13, as Australia continues to transition from the investment to production phase of the mining boom. Slowed expenditure can also be attributed to softening energy prices. Figure 2.5: Australia’s energy exploration expenditure 6,000 5,000 2014–15 A$b 4,000 3,000 2,000 1,000 0 2002–03 2005–06 2008–09 2011–12 2014–15 Oil and gas Black coal Uranium Source: ABS (2015) 8412.0 Mineral and petroleum exploration Renewables Australia has a rich diversity of renewable energy resources, including wind, solar, geothermal, hydro, wave, tidal and bioenergy. Uptake of renewable energy is growing and there is significant potential for further development. Renewable energy resources are generally transient and not always available, and are therefore not readily classifiable and comparable to non-renewable resources. ENERGY IN AUSTRALIA 2015 21
Page 1: Energy in Australia 2015 WWW.INDUST
Page 4 and 5: Department of Industry, Innovation
Page 6 and 7: Contents Foreword v Data sources IX
Page 8 and 9: 8. Petroleum 93 Overview 94 Primary
Page 10 and 11: Abbreviations and acronyms ABS AEMC
Page 12 and 13: Economic contribution The energy in
Page 14 and 15: Table 1.2: Australia’s energy pro
Page 16 and 17: Energy consumption Australia’s en
Page 18 and 19: Figure 1.5: Australia’s energy ex
Page 20 and 21: Box 1: Energy flows through the Aus
Page 22 and 23: Figure 1.9: Energy trade insight Au
Page 24 and 25: Overview Energy can be extracted or
Page 26 and 27: Map 2.1: Australia’s energy resou
Page 28 and 29: Oil Australia has limited resources
Page 32 and 33: Map 2.2: Australia’s solar energy
Page 34 and 35: Figure 2.4: Australia’s wind ener
Page 36 and 37: Overview Australia consumed 5,831 p
Page 38 and 39: Table 3.1: Energy consumption, inte
Page 40 and 41: Table 3.2: Australia’s primary en
Page 42 and 43: Table 3.3: Australia’s energy con
Page 44 and 45: Table 3.5: Australia’s energy bal
Page 46 and 47: Table 3.6: Total final energy consu
Page 48 and 49: Structure of the Australian Electri
Page 50 and 51: Generation from renewable fuels con
Page 52 and 53: Table 4.2: Top 10 electricity gener
Page 54 and 55: Table 4.3: Australia’s principal
Page 56 and 57: Energy efficiency improvements have
Page 58 and 59: Figure 4.5: Australian electricity
Page 60 and 61: In Queensland, Western Australia, T
Page 62 and 63: Rooftop solar panels, Sydney Austra
Page 64 and 65: Overview In Australia, renewable en
Page 66 and 67: Table 5.1: Australia’s renewable
Page 68 and 69: Electricity generation Around 44 pe
Page 70 and 71: The location of renewable energy pr
Page 72 and 73: Solar energy Solar has been the mos
Page 74 and 75: Table 5.4: Australia’s solar PV e
Page 76 and 77: Coal being loaded onto a ship, Newc
Page 78 and 79: Overview Australia is the fourth la
Page 80 and 81:
Figure 6.2: Australia’s black coa
Page 82 and 83:
Table 6.1: Australia’s coal consu
Page 84 and 85:
Figure 6.6: World’s largest metal
Page 86 and 87:
Low emissions coal Burning fossil f
Page 88 and 89:
Overview Gas — conventional and u
Page 90 and 91:
In 2014-15 coal seam gas production
Page 92 and 93:
Figure 7.2: Australia’s gas produ
Page 94 and 95:
Table 7.2: Gas consumption, by stat
Page 96 and 97:
Figure 7.6: Australia’s gas marke
Page 98 and 99:
Map 7.2: Australian LNG trade by ma
Page 100 and 101:
Prices The majority of Australian L
Page 102 and 103:
Figure 7.9: Retail household gas pr
Page 104 and 105:
Overview Australia produces a range
Page 106 and 107:
Figure 8.2: Australia’s primary p
Page 108 and 109:
Figure 8.3: Australia’s refinery
Page 110 and 111:
Figure 8.5: Australia’s refined p
Page 112 and 113:
Table 8.4: Australia’s diesel con
Page 114 and 115:
Figure 8.9: Australia’s energy co
Page 116 and 117:
Figure 8.11: Australia’s petroleu
Page 118 and 119:
Table 8.6: Australia’s petroleum
Page 120 and 121:
Reserves Figure 9.1: Share of globa
Page 122 and 123:
Production Figure 9.5: Energy produ
Page 124 and 125:
Consumption Figure 9.9: Primary ene
Page 126 and 127:
Figure 9.13: Energy imports, top 10
Page 128 and 129:
Figure 9.17: Coal fired electricity
Page 130 and 131:
Prices Figure 9.21: OECD household
Page 132 and 133:
Figure 9.23: OECD diesel prices, 20
Page 134 and 135:
Table A.2: Conversion between units
Page 136 and 137:
Table A5: Gross energy content of g
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Energy in Australia

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