The importance of the Otway Basin's natural gas reserves was appreciated by partners in the SEA Gas pipeline project at its true value.
Origin Energy, US company TXU and British-owned International Power signed an agreement to increase the diameter of the pipe to 450 millimeters (from 360mm) and boost its supply capacity from 70 petajoules a year to 125.
The upgrade will cost from $300 million to $500 million.
The project is to stimulate more than $1 billion worth of gasfield development and, at the same time, provide basin-on-basin competition with the Cooper Basin, and security of supply and transportation.
The face of USA's First Lady Melania Trump after her handshake with Russian President Putin has received a lot of attention in social media
Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner
The Ukrainian government refuses to abode by its obligations, rejects a peaceful resolution of the conflict, and disregards its own people, the president said