Oil & gas production in Australia: emitters, CO2 & carbon value

18 tracked facilities, ≈33,757,042 t CO2/yr combined — here are the largest, what that CO2 is worth at current prices, and the sector's reduction pathway. Full sector pathway: decarbonizing oil & gas production.

The numbers

Oil & gas production in Australia at a glance

Metric	Value	Note
Facilities tracked	18	with CO2 estimates
Total est. CO2	33,757,042 t/yr	Climate TRACE 2023
Average per facility	1,875,391 t/yr
Indicative carbon value	€2,613M/yr	at €77.4/t EUA

Carbon pricing here: Safeguard Mechanism: baseline-and-credit for big industry; ACCU ≈A$30–35 (2024–25, World Bank State & Trends of Carbon Pricing 2025 / ICAP 2025). Current benchmark: no liquid market price. Full country page: carbon price in Australia.

Largest emitters

Top 10 oil & gas production CO2 emitters in Australia

#	Facility	Owner	t CO2/yr (est. 2023)	Indicative value
1	Australia_North Carnarvon_LNG	Chevron Corp	11,913,011	€922.1M
2	Australia_Browse_LNG	—	7,916,426	€612.7M
3	Australia_Bowen - Surat_LNG	—	5,382,476	€416.6M
4	Australia_Gippsland_Conventional shelf	Cooper Energy (Ch) Pty Ltd	2,520,632	€195.1M
5	Australia_Eromanga_Conventional onshore	—	2,145,488	€166.1M
6	Australia_North Carnarvon_Conventional shelf	Santos Ltd	1,192,124	€92.3M
7	Australia_Otway_Conventional shelf	Beach Energy Ltd	457,080	€35.4M
8	Australia_Bowen - Surat_Coalbed methane	Santos Ltd	442,914	€34.3M
9	Australia_Bowen-Surat_LNG	—	351,082	€27.2M
10	Australia_Bonaparte_Conventional shelf	—	287,596	€22.3M

Climate TRACE satellite estimates via IndustryAtlas — modelled, not verified; some entries aggregate clusters. Corrections welcome.

⬇ This table (CSV)🖨 PDF for management

Inzonex removable modular insulation on industrial equipment

Cut the tonnes at the source

Hot industrial equipment? Cut the heat loss.

Boilers, kilns, heat exchangers, valves and steam lines lose energy continuously. Inzonex makes patented (UK GB2508992.1) removable modular insulation — snap-fastened covers engineered per temperature tier, not generic off-the-shelf jackets:

Up to 90% less heat loss from insulated surfaces
Surface temperature ≤45 °C — touch-safe for workers (EN ISO 13732-1)
6× faster maintenance access than fixed cut-and-weld lagging — unclips and refits in minutes, no destruction
Inspectable — comes off to check for corrosion under insulation, then refits like-new (generic jackets often don't survive removal)
Typical payback under 2 years (some 9–11 months)

See Inzonex process-equipment insulation →Run the savings study

Same industry, other countries

Oil & gas production in United States

712,998,435 t CO2/yr

Oil & gas production in Russian Federation

515,555,902 t CO2/yr

Oil & gas production in Iran

292,069,171 t CO2/yr

Oil & gas production in Canada

252,343,963 t CO2/yr

Oil & gas production in Saudi Arabia

201,877,662 t CO2/yr

Other industries in Australia

Aluminium in Australia

33,556,971 t CO2/yr

Cement in Australia

2,132,195 t CO2/yr

Textiles, leather & apparel in Australia

286,821 t CO2/yr

FAQ

Questions

How many oil & gas production facilities does Australia have with tracked emissions?

18 facilities carry satellite-based CO2 estimates in our dataset (Climate TRACE 2023), totalling ≈33,757,042 t CO2/yr.

What is the largest oil & gas production emitter in Australia?

Australia_North Carnarvon_LNG — ≈11,913,011 t CO2/yr (est. 2023). Estimates are modelled, not verified declarations.

What would this CO2 cost at the EU price?

≈€2,613M per year at €77.4/t — indicative full-price value; actual cost depends on free allocation and the local instrument.

How this page is built: heat-loss figures follow ASTM C680 / ISO 12241 (the method behind our public calculators); facility emissions from Climate TRACE & EU ETS verified data across 30,000+ industrial sites; the 2026–2034 schedule is Regulation (EU) 2023/956, not a forecast. Published by Inzonex — manufacturer of modular removable insulation (UK Patent GB2508992.1). Spotted an error? Tell us — we correct on evidence.