Australia approves offshore gas field near Twelve Apostles. Amplitude Energy's Annie Gas Field Project received government approval to drill approximately 9 kilometres off Port Campbell in the Otway Basin. The ASX-listed company expects to begin operations next year, with gas production commencing in 2028. The project is projected to supply roughly 4 percent of the Australian east coast's gas demand over a five-year period. This development addresses Victoria's anticipated gas supply shortage as legacy Bass Strait reserves deplete. The initiative will leverage existing infrastructure from the Casino-Henry-Netherby gas field. Government officials emphasize the project supports industries unable to transition to electric alternatives while providing affordable domestic energy.
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