Beach Energy Limited Announces Major Investment in Victoria's Otway Basin to Boost East Coast Gas Supply
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Beach Energy Limited has announced a significant investment in Victoria’s Otway Basin to enhance natural gas supply for the East Coast domestic market. The company has invested approximately $3.5 billion over the past five years and aims to become Australia’s leading domestic energy supplier. This initiative addresses energy security concerns and supports local industries and households, while also contributing to government programs through taxes and royalties. The announcement supports a prospective East Coast gas reservation scheme to prioritize domestic gas needs.
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