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Omega Oil & Gas Ltd

Omega Oil & Gas Ltd

Exploration Company

Appears in 1 story

Stories

Australia's domestic gas paradox

Built World

Operator of new Taroom Trough block

Australia exports more liquefied natural gas than any country except the United States and Qatar. Yet its own eastern states face recurring supply shortfalls because 70-80% of production flows to overseas buyers. Queensland, the source of most east coast gas, just opened the Taroom Trough—potentially the nation's first major new oil province in 50 years—with a mandate that any discoveries must serve Australian households first.

Updated Feb 10