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If the ranking seems modest, AustraliaâÂÂs closeness to hungry gas markets in Asia sheds a different light. AustraliaâÂÂs LNG export earnings, A$12 billion ($11.1 billion) in the past fiscal year, are expected to be five times that size by 2017-18. The governmentâÂÂs Bureau of Resources and Energy Economics says LNG will then replace coal as AustraliaâÂÂs second-biggest export earner (it is fifth now), beaten only by iron ore. About A$200 billion is being poured into building seven plants to convert gas to LNG; three others are already operating.