Golden Beach, a large gas project in Victoria, has entered insolvency proceedings after delays and major cost overruns left it underfunded, stoking concern about an east‑coast gas supply shortfall. Victoria approved the project last month; developers had planned first gas in 2028 and the start of gas‑storage operations in 2029, which was forecast to raise Victoria’s gas storage capacity by about 70%. The project targeted c.500 TJ/day of production capacity—over half of Victoria’s peak daily gas

Golden Beach, a large gas project in Victoria, has entered insolvency proceedings after delays and major cost overruns left it underfunded, stoking concern about an east‑coast gas supply shortfall. Victoria approved the project last month; developers had planned first gas in 2028 and the start of gas‑storage operations in 2029, which was forecast to raise Victoria’s gas storage capacity by about 70%. The project targeted c.500 TJ/day of production capacity—over half of Victoria’s peak daily gas demand in the 12 months to June 2026.