Fuel Supply Chain In Oceania
Oceania is dominated by Australia's fuel supply, which is understandable as it is the most important fuel market in the Oceania region. In 2017 alone, this maritime country exported approximately 7 billion cubic meters of gas per day. As a result, Australia maintains its role as a major supplier of global energy needs, especially in the Asia-Pacific region. It accounts for about 60 per cent of Australia's total production, with 46 per cent exported to Japan and 31 per cent to China. Between 2016 and 2017, natural gas is the third largest source of energy production, accounting for 23.1% of total energy production, behind only coal and renewable sources. Other oil and natural gas liquids accounted for 3.3% and liquefied petroleum gas for 0.5%, according to a 2018 report from the Australian Department of Environment and Energy . Natural Gas Production In 2018, natural gas accounted for 84% of Oceania's total hydrocarbon production in terms of BOE ( equivalent barrel of oil...