Australia has considerable petroleum, natural gas and coal reserves and is one of the few countries belonging to the Organization for Economic Cooperation and Development (OECD) that is a significant net hydrocarbon exporter, exporting about two-thirds of its total energy production. Australia was the world’s largest coal exporter and the fourth largest exporter of liquefied natural gas (LNG) in 2009, after Qatar, Malaysia, and Indonesia. Australia’s prospects for expanding these energy exports in the future are promising as Asian demand for both coal and LNG is rising along with Australia's proven natural gas reserves. While Australia also exports crude oil and refined petroleum products, it is a net importer of oil. Hydrocarbon exports accounted for 19 percent of total export revenues in 2009.
Australia's stable political environment, substantial hydrocarbon reserves, and proximity to Asian markets make it an attractive place for foreign investment.
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