One of the few OECD countries that is a significant net hydrocarbon exporter, Australia contains impressive quantities of petroleum, natural gas and coal reserves and exports roughly two-thirds of its total energy production. Australia, which has major offshore natural gas fields feeding the Gorgon, Wheatstone and Pluto LNG developments, is the word's fifth-largest exporter of liquefied natural gas. As of 2009, Australia holds proven oil reserves of 1.5 billion barrels and some 30 Tcf of proven natural gas reserves.
Inventory control is the management of inventory including supply, storage and distribution to ensure that adequate quantities are maintained for the business needs and there is no excessive oversupply or loss. This involves coordinating with supply, storage and distribution departments to maintain an accurate record of materials.