Following warnings of low gas reserves and soaring prices in Victoria and other states, the 50-year-old Gippsland Basin joint venture has ramped up its production levels this month
A pipeline has been rerouted in the Bass Strait to ramp up output from Victoria’s offshore gas fields as energy companies and regulators race to boost supplies in south-eastern Australia.in Victoria, Tasmania and South Australia, the 50-year-old Gippsland Basin joint venture began raising production levels from 970 terajoules to nearly 1020 terajoules of gas a day earlier this month.
“AEMO is monitoring gas supplies and will continue to work with market participants and stakeholders to minimise the risk of supply shortfalls,” a spokesperson said.comes as Queensland’s big producers of liquefied natural gas temporarily tripled their combined contribution to the pipelines feeding South Australia, Victoria and NSW from 100 terajoules a day to 307 terajoules earlier this month.
“Let’s be frank about this – the whole country does not have a shortage of supply of gas,” D’Ambrosio said. While gas is in hot demand this winter, efforts are accelerating to reduce the use of fossil fuels to avert catastrophic levels of global warming.