• Production

    Western Australia is a large producer of gas compared to other states. Around 90% of Australia’s estimated recoverable reserves of conventional gas are in the Carnarvon Basin on WA’s North West Shelf. These gas fields support Western Australia’s liquefied natural gas (LNG) export industry, as well as the major domestic gas market in the South West.

    Reserving gas for Western Australia use

    The Western Australian Government promotes long-term supplies of natural gas for WA consumers through its Domestic Gas Reservation Policy. The policy seeks commitments for the equivalent of 15% of gas available from new offshore gas developments for domestic use. The WA Government applies the policy as part of the negotiating process with export gas producers, with flexibility built in to allow for each project to be negotiated on a case-by-case basis.

    Find out more

    • Department of Mines and Petroleum [external] – Western Australia’s lead agency in attracting private investment in resources exploration and development. Its website includes key statistical information on petroleum exploration and production
    • Department of State Development [external] – develops and coordinates significant Western Australian projects, including LNG export and associated domestic gas projects. Its website includes information about major petroleum projects, including State Agreements (contracts between the government and producers, which are ratified by an Act of the State Parliament) 

    Retail market

    The Western Australian retail gas market became fully contestable in 2004. This means that gas companies can compete in the marketplace for all Western Australia gas customers, including residential customers.

    A number of gas trading and retail companies operate across the regional and metropolitan areas, servicing industrial and residential customers.

    Gas trading licences

    Gas retailers need a gas trading licence from the Economic Regulation Authority to sell gas to small use customers (residential and small business customers using less than 1 terajoule of gas a year). 

    Related links 

     

About us

Treasury plays a central role in managing Western Australia’s public sector finances and in providing expert analysis and advice on the strategies and frameworks necessary for maintaining the State’s economic and financial position.

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Locked Bag 11 Cloisters Square WA 6850

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08 6551 2777

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