Coal Seam Gas Extraction in Australia - Market Research Report (2013-2028)
Melbourne, Australia
Last Updated: October 2023
ANZSIC OD5529Revenue
$26.2bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
5,143
Businesses
8
Wages
$XXX.Xm
Coal Seam Gas Extraction in Australia industry analysis
Revenue for the Coal Seam Gas Extraction industry has been significantly volatile over the past five years. Technological developments have reduced the cost of exporting natural gas, encouraging investment in export facilities and new gas fields in Queensland over the past decade. Three international consortiums have invested $69.7 billion in constructing three gas liquefaction and export facilities on Curtis Island near Gladstone, QLD, and in associated gas wells and pipelines throughout the state. Queensland Curtis LNG exported the world's first LNG produced from CSG in late December 2014, with five other LNG export trains becoming operational over the three years through 2016-17.
Trends and Insights
- Global gas prices have displayed significant volatility, which has flowed through to coal seam gas producers’ performance. The Russia-Ukraine conflict has led to increased demand for LNG cargoes.
- The ramp up of production at the east coast LNG processing facilities has seen export markets become the main destination for Australia’s coal seam gas. Global LNG trade has been expanding.
- Almost all of Australia’s coal seam gas production occurs in Queensland. Onshore gas fields have been developed to feed the states LNG production facilities.
- Regulatory barriers and environmental opposition make it difficult to get projects into development. Significant entry barriers have contributed to high market share concentration.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 3.8 % over the past five years, to reach an estimated $26.2bn in 2023.
Trends and Insights
Volatility in global gas markets has driven industry performance
- Coal seam gas (CSG) producers have experienced volatile operating conditions, with revenue tied to fluctuations in global gas prices.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
Forecast east coast gas shortages are driving regulatory intervention
- The east coast gas market is now fully exposed to international prices and rising gas prices have seen the Federal Government ramp up regulatory oversight.
Biggest companies in the Coal Seam Gas Extraction in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Santos | 3,420.0 | |
AGL | 72.5 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Coal seam gas. Coal seam gas is the largest segment of the Coal Seam Gas Extraction in Australia.
Trends and Insights
Coal seam gas (CSG) is the industry's only product
- CSG is found in coal seams where methane is bonded to the surface of coal particles and held there by water pressure.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Oil and Gas Extraction in Australia
- Fossil Fuel Electricity Generation in Australia
Complementors
- Petroleum Exploration in Australia
- Industrial Gas Manufacturing in Australia
International industries
- Global Oil & Gas Exploration & Production
- Oil Drilling & Gas Extraction in the US
- Oil and Gas Extraction in New Zealand
- Crude Petroleum & Natural Gas Extraction in the UK
- Förderung von Erdöl und Erdgas
Table of Contents
About this industry
Industry definition
Companies in the industry extract natural gas from coal seams. Coal seam gas (CSG) extraction involves non-convectional techniques such as hydraulic fracturing, which is also known as fracking. Exploration, well drilling, and natural gas processing and transmission beyond the wellhead are not included in the industry.
What's included in this industry?
Natural gas extraction from coal seamsCompanies
SantosAGLPurchase this report to view all 2 major companies in this industry.
Related Terms
LIQUEFIED NATURAL GAS (LNG)LNG TRAINWELLHEAD VALUENATURAL GASIndustry Code
ANZSIC 0700 - Coal Seam Gas Extraction in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Global gas prices have displayed significant volatility, which has flowed through to coal seam gas producers’ performance. The Russia-Ukraine conflict has led to increased de...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The ramp up of production at the east coast LNG processing facilities has seen export markets become the main destination for Australia’s coal seam gas. Global LNG trade has ...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Almost all of Australia’s coal seam gas production occurs in Queensland. Onshore gas fields have been developed to feed the states LNG production facilities.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Regulatory barriers and environmental opposition make it difficult to get projects into development. Significant entry barriers have contributed to high market share concentr...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Environmental opposition and changing a regulatory environment are making it difficult for coal seam gas producers to confidently invest in new projects. New projects have be...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Santos's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of AGL's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Santos, and factors influencing its performance in the industry
- Description and key data for AGL, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Global gas prices have displayed significant volatility. Major events like the COVID-19 pandemic and Russia-Ukraine conflict have created supply and demand disruptions in glo...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Rising gas prices have sent profit margins higher. Strong demand for gas in export markets and domestic supply shortages have sent prices higher.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Coal Seam Gas Extraction industry in Australia in 2024?
The market size of the Coal Seam Gas Extraction industry in Australia is $26.2bn in 2024.
How many businesses are there in the Coal Seam Gas Extraction in Australia industry in 2023?
There are 8 businesses in the Coal Seam Gas Extraction industry in Australia, which has grown at a CAGR of 5.9 % between 2018 and 2023.
Has the Coal Seam Gas Extraction industry in Australia grown or declined over the past 5 years?
The market size of the Coal Seam Gas Extraction industry in Australia has been growing at a CAGR of 3.8 % between 2018 and 2023.
What is the forecast growth of the Coal Seam Gas Extraction industry in Australia over the next 5 years?
Over the next five years, the Coal Seam Gas Extraction industry in Australia is expected to decline.
What are the biggest companies in the Coal Seam Gas Extraction market in Australia?
The biggest companies operating in the Coal Seam Gas Extraction market in Australia are Santos and AGL
What does the Coal Seam Gas Extraction in Australia include?
Natural gas extraction from coal seams and are part of the Coal Seam Gas Extraction industry.
Which companies have the highest market share in the Coal Seam Gas Extraction in Australia?
The company holding the most market share in Australia is Santos.
How competitive is the Coal Seam Gas Extraction industry in Australia?
The level of competition is high and steady in the Coal Seam Gas Extraction industry in Australia.
