The Golden Beach Gas Project aims to appraise and develop the natural gas held in the Golden Beach gas field. The field is situated in Victorian state waters, 3 to 4km from the shoreline between the towns of Golden Beach and Glomar Beach, off the Ninety Mile Beach.
The gas field was discovered in 1967 but has not been developed to date due to its’ size and ‘dry’ gas specification (the field contains no oil or gas liquids, common in Gippsland gas fields).
The current shortage of gas in Eastern Australia coupled wth the long-term approach that GB Energy is taking, provides a basis for Project next steps to now be considered. A number of milestones need to be achieved before a development would begin.