Like an episode of Yes Minister ... We export the gas, then run out of the stuff, then import it back again?  :o

Gas storage terminal for Victoria gets state government approval

Victoria's planning minister has given environmental approval for a proposed floating gas terminal off the coast of Geelong.

The Viva Energy floating gas terminal project, to be built in Corio Bay, has been strongly opposed by local and environmental groups.

The government says the project will ensure gas supply won't run out for the vast majority of Victorian households who rely on it for cooking and heating.

A proposed gas storage terminal off the coast of Geelong with capacity to supply most of Victoria is closer to being built following approval by the state government.

The Viva Energy Gas Import Terminal Project is designed to shore up the state's gas supply before a forecast shortfall by 2029.

The project would consist of a liquefied natural gas (LNG) storage ship docked in Corio Bay off Refinery Pier, and 7 kilometres of new pipeline to link up to the existing gas network.

...


The project would enable gas from from Australia and around the world to be brought in and deposited in a permanently moored storage unit.


https://www.abc.net.au/news/2025-05-30/viva-energy-gas-terminal-project-approved-victoria/105356430

Best to do nothing then???


Quote:

Victoria is facing a looming natural gas shortage because supply traditionally taken from Bass Strait is running out.

https://www.abc.net.au/news/2025-05-30/viva-energy-gas-terminal-project-approved-victoria/105356430

:-? :-? :-?

Yep. Let renewables do their thing. ;)

Of course Victoria is allowing traditional gas supply exploration again, but the ban on fracking remains in place. ;)

lee wrote on May 30^th, 2025 at 2:52pm:

Yep. Let renewables do their thing. ;) Of course Victoria is allowing traditional gas supply exploration again, but the ban on fracking remains in place. ;)

Well a  vote for labor is a vote for for the environment!!!

Until it’s not and it’s all approved and put into law for the ‘4 pretend green “ written it into law?

lee wrote on May 30^th, 2025 at 2:52pm:

ep. Let renewables do their thing.

Only an idiot would blame renewables. It has nothing to do with renewables. We mine more than enough gas to serve our needs. Govco just needs to stop it all being exported.

John Smith wrote on May 30^th, 2025 at 8:03pm:

It has nothing to do with renewables.

You mean politicians embracing renewables had no impact on fossil fuel extraction in Australia?

"The area available for gas exploration in NSW has been significantly reduced."

https://www.resources.nsw.gov.au/resources-regulator/exploration/onshore-gas-industry

"NSW passes legislation to ban offshore drilling and mining"

https://www.nsw.gov.au/media-releases/nsw-passes-legislation-to-ban-offshore-drilling-and-mining


John Smith wrote on May 30^th, 2025 at 8:03pm:

We mine more than enough gas to serve our needs. Govco just needs to stop it all being exported.

And abrogate our contracts? Right got it. ;D ;D ;D ;D ;D ;D

lee wrote on May 30^th, 2025 at 8:18pm:

"The area available for gas exploration in NSW has been significantly reduced."

Irrelevant. You must be stupid as I already explained it to you once. I'll repeat because i know you are slow. We already produce more than enough gas . . they just need to stop exporting it all

The Whale Singer had the shelf project life extended until 2070 - but the paradigm for extraction and marketing and profit and taxing is wrong for Australia - oh wait - it's not FOR Australia...  sorry ..

Persuade me there are not some mighty fat brown paper bags doing the rounds....

John Smith wrote on May 30^th, 2025 at 8:22pm:

We already produce more than enough gas . . they just need to stop exporting it all

Yes petal. But they don't export it all. So you are starting from a place of stupidity and multiplying it. ;D ;D ;D ;D ;D ;D

According to the reference it is about 70-75%.

lee wrote on May 30^th, 2025 at 8:26pm:

John Smith wrote on May 30th, 2025 at 8:22pm: We already produce more than enough gas . . they just need to stop exporting it all Yes petal. But they don't export it all. So you are starting from a place of stupidity and multiplying it. ;D ;D ;D ;D ;D ;D According to the reference it is about 70-75%.

you really are stupid you know that. I don't give a rats arse what the percentage is. The fact remains that we don't have enough for domestic use because they export it. You can keep pretending you have a clue if you like, meanwhile i'll just keep laughing at what a moron you are. :D

philperth2010 wrote on May 30^th, 2025 at 2:15pm:

Best to do nothing then??? Quote: Victoria is facing a looming natural gas shortage because supply traditionally taken from Bass Strait is running out. https://www.abc.net.au/news/2025-05-30/viva-energy-gas-terminal-project-approved-victoria/105356430 :-? :-? :-?

It's a dumb idea - so I understand you approving.

Why would any sane govt import gas that we have already exported & pay a higher price for it?

It negates the govt royalties received from the companies exporting it .... who no doubt will recover that plus double in selling the gas back to us.

All that needs to be done is create a Gas Reserve for domestic use. At state and federal level.

Gnads wrote on May 31^st, 2025 at 9:17am:

philperth2010 wrote on May 30th, 2025 at 2:15pm: Best to do nothing then??? Quote: Victoria is facing a looming natural gas shortage because supply traditionally taken from Bass Strait is running out. https://www.abc.net.au/news/2025-05-30/viva-energy-gas-terminal-project-approved-victoria/105356430 :-? :-? :-? It's a dumb idea - so I understand you approving. Why would any sane govt import gas that we have already exported & pay a higher price for it? It negates the govt royalties received from the companies exporting it .... who no doubt will recover that plus double in selling the gas back to us. All that needs to be done is create a Gas Reserve for domestic use. At state and federal level.

The gas supply from Bass Straight is running out....How do you reserve gas that does not exist....I am not approving anything I am just stating the obvious....Stay stupid dickhead!!!

::) ::) ::)

philperth2010 wrote on May 31^st, 2025 at 10:03am:

Gnads wrote on May 31st, 2025 at 9:17am: philperth2010 wrote on May 30th, 2025 at 2:15pm: Best to do nothing then??? Quote: Victoria is facing a looming natural gas shortage because supply traditionally taken from Bass Strait is running out. https://www.abc.net.au/news/2025-05-30/viva-energy-gas-terminal-project-approved-victoria/105356430 :-? :-? :-? It's a dumb idea - so I understand you approving. Why would any sane govt import gas that we have already exported & pay a higher price for it? It negates the govt royalties received from the companies exporting it .... who no doubt will recover that plus double in selling the gas back to us. All that needs to be done is create a Gas Reserve for domestic use. At state and federal level. The gas supply from Bass Straight is running out....How do you reserve gas that does not exist....I am not approving anything I am just stating the obvious....Stay stupid dickhead!!! ::) ::) ::)

You're the biggest dickhead here. Stay under your rock.

Still plenty of gas in Bass Strait.

https://www.woodside.com/what-we-do/operations/bass-strait


Quote:

THE Reuters news agency is reporting that gas production from Bass Strait is set to receive a big boost through a new 50-50 joint venture between Esso Australia Resources and Woodside Energy. On March 17 Reuters reported that ExxonMobil's Australian unit had announced on Monday that its Gippsland Basin joint venture with Woodside Energy has approved its final investment decision to develop the Turrum Phase 3 project, targeting underdeveloped gas resources. The approval is for the A$350 million ($221.31 million) project, which aims to drill five new wells in the Turrum and North Turrum gas fields.

https://www.sgst.com.au/news/good-news-bass-strait-gas-announcement-from-exxonmobil


Quote:

Esso, Mitsui and Woodside to invest nearly $200 million into the Gippsland Basin The VALARIS 107 to drill new well in the Kipper field West Tuna platform to be significantly upgraded MELBOURNE, Australia – Esso Australia Resources Pty Ltd (‘Esso Australia’, a subsidiary of ExxonMobil Australia Pty Ltd) has announced a nearly $200 million dollar investment in the Kipper 1B Project which will bring online much-needed additional gas supply from the Gippsland Basin. The project, which was approved by Esso Australia, and its co-venturers, MEPAU A Pty Ltd (‘Mitsui’), and Woodside Energy (Bass Strait) Pty Ltd (‘Woodside’), will utilise the VALARIS 107 jack-up rig to drill and install one subsea well into the Kipper field, and involve significant upgrades to the West Tuna platform. Kipper 1B follows the successful completion of the recent Kipper Compression Project, and the West Barracouta project that came online in 2021. “Esso Australia continues to invest in multiple projects that ensure our Gippsland operations sustain gas production well into the 2030s,” says ExxonMobil Australia Chair Simon Younger. “Projects like Kipper 1B are vital to help meet the country’s energy security needs by bringing new supply online, which will be used exclusively for Australia’s domestic market. "Natural gas is a safety net of our energy system, ensuring reliable, affordable power for homes and businesses while providing the stability needed to transition to a lower carbon future."  Drilling into the Kipper field is set to begin later this year, with upgrades to the West Tuna platform happening simultaneously. The project is expected to expand capacity from the Kipper field, delivering crucial gas supplies to the market ahead of winter 2026. Esso operates assets in Bass Strait that form part of the Gippsland Basin Joint Venture between Esso and Woodside) and the Kipper Unit Joint Venture (Esso, Woodside, and Mitsui).

https://corporate.exxonmobil.com/locations/australia/australia-newsroom/news-releases/2025/esso-mitsui-and-woodside-to-invest-nearly-200-million-into-the-gippsland-basin


Quote:

The country’s offshore petroleum regulator has approved the biggest gas exploration program in Australian waters for years, allowing American giant ConocoPhillips to proceed with drilling off the coast of Victoria. The New York-listed energy giant is poised to drill two exploration wells this year in the hope of rapidly bringing supply online. Exploration activity for new oil and gas in waters around the country has been near all-time lows. If successful, the drilling could bring fresh supplies of gas into Victoria as early as 2028 using processing infrastructure that is already in place, said Noel Newell, executive chairman of 3D Energi, Conoco’s junior partner.

https://www.afr.com/companies/energy/conocophillips-gets-nod-for-major-victorian-offshore-gas-exploration-20250303-p5lgdc

We are not running out of gas - and for the Bass Strait wells being decommissioned, new are being opened.

Our problem is too much of our east coast gas is going to export.

I reiterate - importing gas that we have already exported overseas or that is sold & onboard a ship that is bought back to unload at an inflated price is absolute lunacy.

It's understandable why a mullet brained moron like you would think it a viable option.  ::)

---

John Smith wrote on May 30^th, 2025 at 8:31pm:

I don't give a rats arse what the percentage is. The fact remains that we don't have enough for domestic use because they export it.

Your complaint was "we export it ALL". ::)

So what you are saying really is "well they are not exporting it all, but that's what I said and that's what I meant" ;D ;D ;D ;D ;D ;D

No need for a storage terminal then....The project will likely not go ahead anyway!!!


:-? :-? :-?

philperth2010 wrote on May 31^st, 2025 at 5:58pm:

..The project will likely not go ahead anyway!!!

The new Victorian government is in favour, the fossil fuel companies are in favour.

But don't let your personal preferences skew anything. ;)

lee wrote on May 31^st, 2025 at 12:40pm:

John Smith wrote on May 30th, 2025 at 8:31pm: I don't give a rats arse what the percentage is. The fact remains that we don't have enough for domestic use because they export it. Your complaint was "we export it ALL". ::) So what you are saying really is "well they are not exporting it all, but that's what I said and that's what I meant" ;D ;D ;D ;D ;D ;D

you really are stupid you know that?

So it was only a rhetorical "export it all". Right. Got it. ;D ;D ;D ;D ;D ;D

philperth2010 wrote on May 31^st, 2025 at 5:58pm:

No need for a storage terminal then....The project will likely not go ahead anyway!!! :-? :-? :-?

Got underground gas storage at Iona Gas Plant and Otway Gas Plant at Warre near Port Campbell.

Got processing & storage plants at Longford and Long Island Point....

& Bass Gas at Lang Lang. 

They could do an offshore storage - as long as it's not an "import" facility.

There is no shortage of gas ...... we should not be contemplating importing our own gas back.

That is a Dodgy Brothers idea from those seeking to make profits at taxpayers expense.