Australia Yearbook - 2001

Chapter 18—Energy 693
Introduction
The production and supply of energy
constitute one of the most important
sectors of the Australian economy. As well as
supplying the power on which industry and
households depend, the sector provides
employment and investment opportunities, and
is a major source of export earnings, all of which
contribute substantially to the welfare and
standard of living of Australians.
export, or exported to other countries. In some
cases, consumption takes place in Australia to
produce another kind of fuel for export
(e.g. Coke, LPG). Some fuels are imported into
Australia, mainly crude oil.
The relationships involved in the sources and
uses of energy are illustrated in figure 18.1, the
energy model for Australia for 1997–98, which
sets out the quantities (Peta Joules) of energy
imported, produced, used, stockpiled and
exported.
The fuels mined in Australia are either consumed
here, stockpiled for future consumption or
18.1 ENERGY MODEL, Australia—1997–98
Imports of energy
products 1,084 PJ
Energy production
12,171 PJ
Total energy
supply 13,667 PJ
Industry and residential
use 3,223 PJ
Conversion losses to
transform fuels 1,587 PJ
Export of energy
products 8,857 PJ
Change in stocks
412 PJ
Source: Australian Energy: Market Developments and Projections to 2014–15 (ABARE).