Publication Name: PESA News
Authors: Jimmy Zheng
Publication Issue: 165
Date Published: April 2022
Number of Pages: 3
https://doi.org/10.36404/NNNR1789
Abstract:
What we do know from the numbers is that gas in the ground, particularly from Queensland, is not a major issue. On the flipside, the ongoing decline of conventional gas resources in Victoria is well known. Nonetheless, subject to timely capital investment, Victoria’s decline can be stabilized, particularly as we have actually seen year-to-date growth in Victorian gas supply compared to 2021 of roughly 13%. This reflects the efforts of operators to reinvest in the Otway Basin and the impact of ExxonMobil’s recent West Barracouta development.