Underground gas storage investigations
Opportunities for further underground gas storage in depleted fields around Port Campbell in the onshore Otway Basin are being investigated. The potential to expand underground gas storage may help to secure more reliable gas supplies and to mitigate short term price peaks, particularly during interruptions in the gas supply system.
- Ranking of known existing depleted fields to prioritise their potential development for gas storage.
- Analysis of geoscientific information and modelling of subsurface geological structures to assess the suitability for underground gas storage.
- Assessment of the economic potential of using these geological formations for gas storage.
South west gas storage
A new well in Victoria's south west will make it easier to access stored gas reserves in high demand periods.
The new well is being developed by Lochard Energy at its Iona Gas Plant near Port Campbell.
The minister's media release on the new well is available to read, and you can read more on south west gas storage below:
Page last updated: 22 Oct 2019