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2026-11-06 10:36:26
[Victoria Gas Project Approved, Originally Expected to Alleviate East Coast Supply Shortage] (1) Concerns surround the east coast gas supply gap. The Victorian government stated that the project, approved last month, is scheduled to begin gas production in 2028 and commence storage operations the following year, which would increase Victoria's gas storage capacity by approximately 70%. (2) The project was originally expected to alleviate the gas supply gap projected to emerge in Australia's densely populated east coast region by the end of this decade. (3) According to the official website, the project was originally planned to provide 500 terajoules of gas extraction capacity per day, a scale exceeding half of Victoria's maximum daily gas demand in the 12 months ending June 2026.
