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The offshore gas industry refers to the exploration, production and transportation of natural gas from offshore basins.

More than 90 per cent of Australia’s 164 trillion cubic feet (Tcf) of gas lies in offshore basins. Some of these basins are located in water depths up to 5,495 m, which pose a number of challenges to companies seeking to develop the resources and bring them to market.

Since Australia’s first offshore petroleum discovery in the Gippsland Basin in 1964, offshore exploration in Australia still predominantly centres around Victoria’s Bass Strait and Western Australia’s North West Shelf. While the majority of offshore gas comes from these abundant basins, other exploration and production projects are also underway in western Victoria, Northern Territory and the offshore Sydney Basin in New South Wales.

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