Australia opens five new offshore blocks to secure gas supply
The Australian government has launched the opening of five offshore gas exploration blocks in the Otway Basin, highlighting a clear priority for southeast supply security amid risks of shortages by 2028, despite an ambitious official climate policy.
| Sector | Pétrole, Gaz, Exploration production, Exploration production |
|---|---|
| Theme | Politique & Géopolitique, Sécurité énergétique |
The federal Australian government, in coordination with the state of Victoria, has approved the opening of five new offshore gas exploration blocks in the Otway Basin. The decision is part of the Future Gas Strategy (FGS), which affirms the role of natural gas as a necessary energy source for the Australian economy through to 2050. The newly released areas fall within Commonwealth waters and are governed by the Offshore Petroleum and Greenhouse Gas Storage Act 2006, which regulates the granting of licences.
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