Enhancing Australia's Economic Prosperity
Resources Energy Tourism Department

Energy

The Australian Government is committed to the provision of adequate, reliable and affordable energy to meet future energy consumption needs and to underpin strong economic growth, consistent with the principles of environmental responsibility and sustainable development.
2.1: Overview

Australia's energy sector includes electricity generation (fossil fuel based and renewable), coal mining, gas and oil extraction, liquid fuel refining and distribution, gas supply and energy services.

The sector employed more than 100 000 people in 2009–10 and contributed $68.2 billion of gross value added to the economy. Many of these jobs are in regional Australia, making the sector critical for the sustainability of regional areas.

In 2010–11, Australian energy exports reached $69 billion or around one-third of total commodity exports (BREE 2011a:12). Coal is Australia's largest energy export earner, followed by crude oil and liquefied natural gas (LNG).

Table 2.1 shows the contribution of Australia's energy sector to the economy.

Table 2.1: Energy-related industries in Australia, 2009–10

 Gross value added ($b)Employment '000
Coal mining27.038
Oil and gas extraction27.015
Petroleum and coal product manufacturing1.86
Electricity supply22.551
Gas supply1.12
Total—energy-related industries79.3112
Total—Australia economy-wide1 320.111 354.5

Source: ABS (2011a, b).

Page Last Updated: 8/11/2012 2:24 PM