Victoria approves AUD 1 billion gas project to address expected supply shortages
智通财经2026/10/23 00:05(2) According to a government announcement, GB Energy Private Limited's Golden Beach natural gas project will begin production in 2028, with storage facilities to come online a year later, increasing the state's storage capacity by about 70%.
(3) Forecasts indicate that Australia's densely populated east coast will face a domestic natural gas supply gap by the end of this decade.
(4) The industry and government regard natural gas as a backup energy source for periods when wind and photovoltaic power output is insufficient.
(5) Climate organizations argue that this approach may hinder Australia's ability to achieve its emissions targets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
TSMC approves investment of up to $500 million in OpenAI preferred shares
Racing toward a trillion-dollar IPO! Anthropic lowers fundraising target to $64.4 billion, seven major tech giants invest an additional $26 billion, proposed offering price set at $70-78
Anthropic plans to publicly offer shares to raise up to 64.4 billions USD, which is lower than the 69.3 billions USD in its previously withdrawn version. The offering price range is set at 70 to 78 USD per share. Seven tech giants, including Alphabet, Nvidia, and AMD, will separately invest a total of 26 billions USD through private placements. Based on the upper offering price of 78 USD, Anthropic's valuation would be around 102 billions USD.
Crypto prices
More
