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. |
Quality Declaration 
Print Page
Print All