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flag Victoria approves new gas projects to boost supply amid declining fields and rising demand.

flag The Victorian government has approved exploration licences for two new gas projects in the Gippsland and Otway basins, aiming to secure domestic gas supply amid declining legacy fields and rising demand. flag The move, which invites private bids using existing seismic data to avoid new blasting, is backed by energy producers as essential for energy security. flag Critics, including environmental groups and local communities, oppose it, citing risks to groundwater, ecosystems, and climate goals, despite Victoria’s declining gas use and its commitment to transitioning away from fossil fuels. flag The federal government is expected to announce a national gas reservation policy soon, which Victoria supports.

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