$13.8bn
$X.Xbn
2,520
187
$XXX.Xm
The Gas Supply industry consists of gas retailers that buy and sell gas, and gas distributors that operate the distribution networks carrying gas to end users. The retail and distribution functions are separated by regulation, with different firms performing these activities. Gas retailing accounts for the majority of industry revenue and is dominated by three companies: AGL Energy Limited, Origin Energy Limited and EnergyAustralia Holdings Limited. SGSP (Australia) Assets Pty Ltd, which operates through the Jemena brand, is among the largest gas distribution firms.Industry revenue is expected to rise at an annualised 0.4% over the five years through 2022-23, to $13.8 billion. This includes anticipated growth of 9.5% in 2022-23 as retail gas bills continues to soar. The Russia-Ukraine conflict has created volatility in global energy markets causing both global and domestic gas prices to rise.Gas suppliers have endured a shifting operating environment. Strong competition among retailers has constrained growth in revenue and profit margins, with the larger retailers losing market share among residential customers. Domestic gas consumption also came under pressure during the COVID-19 pandemic. The development of LNG export facilities over the past decade has caused a significant share of Australian gas production to be shipped overseas, creating concern over domestic supply conditions on Australia's east coast. Domestic prices have risen converging towards prices in global markets.The domestic price of natural gas is projected to remain elevated, with concerns over tightening supply conditions on the east coast of Australia. LNG exporters are likely to allocate greater share of production to the domestic market to limit further market intervention by the Federal Government. Domestic consumption of natural gas is forecast to come under pressure as households transition to more energy-efficient technologies. In addition, demand from gas-fired power stations is set to come under pressure as renewable energy infrastructure is developed. Overall, industry revenue is forecast to fall at an annualised 0.4% over the five years through 2027-28, to $13.6 billion.
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $13.8bn in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 |
---|---|---|
AGL | 2,740.0 | |
Origin Energy | 1,980.0 | |
EnergyAustralia | 1,470.0 |
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Industry revenue is measured across several distinct product and services lines, including Gas retailing and Gas distribution. Gas retailing is the largest segment of the Gas Supply in Australia.
Soaring gas prices have seen gas retailing revenue rise
Industry firms retail gas to consumers and businesses. Industry participants also distribute natural gas to end users via a system of pipes, known as gas distribution mains. However, regulation prevents firms from both retailing and distributing gas. The industry excludes the operation of gas transmission pipelines, which transport gas from gas production facilities to gas distribution mains.
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ANZSIC 2700 - Gas Supply in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Soaring domestic gas prices are pushing revenue higher. Residential and commercial customers are feeling the pinch in the face of skyrocketing gas bills.
Learn about an industry's products and services, markets and trends in international trade.
Soaring retail gas prices are driving revenue higher for gas retailers. High prices are also attracting additional scrutiny from regulators.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Gas retailers are concentrated on the east coast, servicing population hubs in Queensland, New South Wales and Victoria. The eastern gas market has faced soaring prices as su...
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.
Competition is higher among gas retailers than distributors. Retailers compete on price and quality of customer service, while gas distributors operate geographic monopolies.
Learn about the performance of the top companies in the industry.
The major gas retailers are losing market share among residential gas customers. Tier 2 gas retailers are growing as consumers look to switch retailers in the face of rising ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Elevated domestic gas prices are starting to constrain downstream demand. Consumers and businesses have faced soaring domestic gas prices, with some manufacturers forced to s...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Rising competition at the retail level has limited improvements in retailer profit margins. The major gas retailers are losing market share to smaller retailers in residentia...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Gas Supply industry in Australia is $13.8bn in 2024.
There are 187 businesses in the Gas Supply industry in Australia, which has declined at a CAGR of 1.8 % between 2018 and 2023.
The market size of the Gas Supply industry in Australia has been growing at a CAGR of 0.4 % between 2018 and 2023.
Over the next five years, the Gas Supply industry in Australia is expected to decline.
The biggest companies operating in the Gas Supply market in Australia are AGL, Origin Energy and EnergyAustralia
Gas distribution and Gas retailing are part of the Gas Supply industry.
The company holding the most market share in Australia is AGL.
The level of competition is moderate and increasing in the Gas Supply industry in Australia.