📋 Tender Overview
The Carroll Labor Government is securing gas for Victorian homes and industryThe production licence for GB Energys 1 billion Golden Beach Gas Project off Ninety Mile Beach in Gippsland has been approvedIt will boost the states gas storage capacity by around 70 per centThe project will produce gas before converting the offshore field into storage helping meet peak winter demand forecasted by AEMO and keep pressure off pricesGas production can begin from 2028 with storage from 2029We have been clear that gas has a role in Victorias energy transition particularly for industries that rely on itThats why Labor has backed the new supply we do have and expanded storageEsso and Woodside have made a final investment decision on the 350 million Kipper and Turrum fields development in Bass StraitWoodside has identified four further potential development wells that could deliver up to 200 petajoules of gas subject to investment decisionsConocoPhillips and 3D Energi have discovered gas in the Otway Basin after investing around 100 million in exploration drillingAmplitude Energy and OG Energy are partnering on a 400 million exploration program in the Otway Basin targeting first gas in 2028Lakes Blue Energy is appraising an onshore gas field in Gippsland while Lochard Energy is expanding Iona the east coasts largest underground gas storage facilityLabor is also making sure Victorians can keep cooking with gasIf an existing gas stovetop break under Labor households and small businesses can replace it with another gas stovetopWhile electrifying new homes and helping households switch to cheaper electric appliances brings down bills Labor knows Victorians value cooking with gas and is protecting itThis is all part of Labors plan to preserve limited gas supplies and find new sources of gas for industryVictorias investment in renewables is helping keep wholesale electricity prices downJess Wilsons One NationLiberal Coalition wants to rip up renewables leaving Victorian households facing higher bills and a greater risk of blackoutsIts a fact that our gas supplies are declining were focused on securing the supply we do haveJess Wilsons plan to rely solely on gas falls apart the moment you ask where the supply is coming fromIf their plan relies on opening Victoria to fracking they need to come clean with VictoriansQuotes attributable to Minister for Energy and Resources Jaclyn SymesGolden Beach will boost Victorias gas storage capacity by around 70 per cent more gas ready for winter less pressure on pricesRipping up renewables wont put more gas in the ground If Jess Wilsons answer is fracking she needs to come clean with VictoriansOnly Labor will deliver cheaper energy and secure gas for the industries that keep Victorians in jobs
261023 Securing More Gas To Back Jobs And Bring Down Costspdf
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