Resource-sufficiency definition

An indicator of resource sufficiency is percentage self-sufficiency (Department of Primary Industries and Energy (DPIE) 1987). Self-sufficiency was defined as:

Self sufficiency equals crude oil and condensate plus domestic demand for naturally occuring LPG divided by nett domestic demand for petroleum products

The indicator shows how well domestic production meets demand and is simple to understand. Since 1970, self-sufficiency has fluctuated between 60 per cent and 90 per cent, with levels above 70 per cent since mid-1984.

References

DPIE, 1987, Forecast of energy demand and supply, Australia 1986-87 to 1999-00. Department of Primary Industries and Energy, Australian Government Publishing Service, Canberra.

Topic contact: petroleum@ga.gov.au Last updated: May 31, 2012