Victoria seeks to unlock more affordable gas for residents
PERTH (miningweekly.com) – The Victorian government is hoping to unlock more gas supply to provide residents in the state with greater access to affordable gas.
The state government on Friday announced that the Victorian Gas Programme (VGP) will be encouraging new commercial offshore gas exploration through the release of blocks in state waters between Port Campbell and the South Australian border.
Cooper Energy last month drilled the first new offshore well since 2012, with Resources Minister Tim Pallas saying that, from 2019, Gippslands’ Sole gasfield is expected to deliver enough additional annual supply to power a city the size of Geelong, for an entire year.
“The VGP is delivering a better picture of Victoria’s potential gas resources, to potentially expand supply in the future. We’ve banned fracking and are focusing on safe, tried and tested methods to improve access to natural gas and lower the state’s energy costs,” Pallas said.
The VGP is also undertaking scientific investigations on the potential for more underground gas storage between Warrnambool and Port Campbell to help alleviate future demand peaks.
In addition, the Victorian government has approved the expansion of the Lochard Energy Iona gas plant, in Port Campbell, which Pallas said would help secure more reliable natural gas supplies and would mitigate short-term price peaks.
The expansion has been authorised under Lochard Energy’s existing licence and is not subject to the conventional onshore gas moratorium, which is in place until 2020, as it did not entail the extraction of new gas.
The process used at the Iona plant also did not relate to fracking or unconventional processes, which have been banned in Victoria.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
