“The Victorian moratorium prohibits exploration and other activities which have been safely conducted for decades.
“More than any other state, Victoria relies on natural gas. Almost 80 per cent of homes use natural gas.
“Natural gas is also the invisible ingredient for manufacturing – 27 per cent of the gas consumed by industry in Victoria is used as feedstock to make essential products such as glass, bricks and fertilisers. There is no substitute.
“Victoria relies on long-established offshore gas fields that are depleting. Independent forecasts indicate that production from the Gippsland and Otway basins will start falling next year.