GB Energy is developing the Golden Beach Energy Storage Project to provide critical gas supply and gas storage infrastructure to Australia’s east coast energy market. Once in operation, the Project will initially increase domestic gas supply before transitioning to storage operations which will enhance energy market security and efficiency while supporting Victoria’s transition to renewables. Origin Energy Retail Limited has entered into an agreement to purchase all natural gas produced from the Golden Beach Gas Field at an agreed price and has also entered into a foundation storage contract with GB Energy. The Golden Beach Gas Field is located approximately 3km offshore in the Gippsland Basin, Australia’s oldest and most prolific gas-producing regions.