4604.0 - Energy Account, Australia, 2016-17 Quality Declaration 
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ENERGY ASSET ACCOUNT

Physical stocks increased between 2015-16 to 2016-17 for black coal up 4.2% (78 300 PJ) and natural gas up 2.3% (2 714 PJ) while crude oil decreased by 2.1% (100 PJ).

Between 2015-16 and 2016-17 the value of natural gas stocks increased by $18.6 billion (11.3%) while the value of condensate decreased by $6.2 billion (22.8%), crude oil decreased by $6.1 billion (22.5%), black coal decreased by $5.4 billion (91.6%) and LPG decreased by $1.4 billion (26.8%).

Table 1.1 - Energy stocks Australia as at June 2017

Unit
Black Coal
Brown Coal
Crude Oil
LPG
Natural Gas
Uranium

Stock (closing)PJ
1 957 500
749 700
4 751
4 208
120 078
716 128
Net Present value$m
498
332
3 920
3 920
183 041
601
Extract rate (a)% of EDR
1
-
2
2
3
1
Estimated resource life (remaining years of stocks)Years
166
1 216
53
53
30
175

- nil or rounded to zero (including null cells)
(a) The rate at which physical removal of energy resources occurs from the energy deposits.
Source: Australian System of National Accounts 2015-16 cat. no. 5204.0.