Strategic Natural Gas Production & Storage Infrastructure
 
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GB Energy is an Independent Australian Company Developing the Golden Beach Gas Production and Storage Infrastructure Project on Australia’s East Coast

 

The Golden Beach Gas Field is expected to deliver natural gas to the constrained Australian market for an initial period of two years.  The partially depleted field will then transition to a natural gas storage facility, where it will provide storage services to support a reliable and efficient domestic natural gas market. 

Origin Energy Retail Limited has entered into an agreement to purchase all natural gas produced from the Golden Beach Gas Field at an agreed price and has also entered into a foundation storage contract with GB Energy.

The Golden Beach Gas Field is located approximately 3km offshore in the Gippsland Basin, one of Australia’s oldest and most prolific gas-producing regions.

Development

Development of the Golden Beach Field involves offshore drilling using conventional and proven processes.

A pipeline and processing facility will also be constructed to connect the field to existing infrastructure in the vicinity of Longford Victoria. This will allow the field to supply households and businesses in Victoria and New South Wales.

Production

The Golden Beach Project will initially provide natural gas to the domestic Australian market for a period of approximatley two years.

This new source of domestic supply will likely help reduce prices in Australia’s gas-constrained east coast.

Infrastructure - Energy Storage

Once the initial gas is produced, the Golden Beach Gas Field will store natural gas for domestic consumption. This will allow operators to better address fluctuations in demand, decreasing the risk of market disruption and helping to reduce domestic natural gas prices.

Storing natural gas directly supports Australia's low-emission and renewable energy goals by providing a reliable source of supply.

 

Development

Development of the Golden Beach Field involves drilling using conventional and proven processes.

A pipeline and processing facility will also be constructed to connect the field to existing infrastructure in the vicinity of Longford Victoria. This will allow the field to supply households and businesses in Victoria and New South Wales.

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Production

The Golden Beach Project will initially provide natural gas to the domestic Australian market for a period of approximatley two years.

This new source of domestic supply will likely help reduce prices in Australia’s gas-constrained east coast.

 

Infrastructure - Energy Storage

Once the initial gas is produced, the Golden Beach Gas Field will store natural gas for domestic consumption. This will allow operators to better address fluctuations in demand, decreasing the risk of market disruption and helping to reduce domestic natural gas prices.

Storing natural gas directly supports Australia's low-emission and renewable energy goals by providing a reliable source of supply..

A common and proven practice in the United States, this means gas will flow from shore into the field where it will be stored until required. This concept has proven safe and effective in facilities in Victoria and Western Australia.