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Victoria and AGL Energy consider floating LNG import terminal

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LNG Industry,

According to Reuters, the Australian state of Victoria is working alongside AGL Energy to study the possibility of constructing an LNG import terminal to increase local gas supply.

The Victorian Premier, Daniel Andrews, is reportedly looking to grow regional gas supplies after barring all onshore gas drilling, as the state tries to save manufacturing jobs affected by increasing energy prices. Reuters reports that the import facility that AGL Energy and the state of Victoria would develop is most likely to be a floating terminal located off of the state’s coast.

In an emailed statement, the government reportedly said: “An LNG terminal would allow the eastern market to bring in lower cost global gas or lower cost gas from WA (Western Australia).”

The state reportedly added that it would cost less to transfer the LNG via ship to a terminal close to a major demand centre, such as Melbourne, than to transport it via a pipeline stretching from the Cooper Basin in South Australia, or Queensland state.

Reuters reports that the Victorian Premier is set to discuss the proposal with the Australian Prime Minister, Malcolm Turnbull, on 9 June 2017. AGL has reportedly stated that it is planning to make a decision on whether to proceed with the terminal by June 2018, estimating that it would cost approximately AUS$200 million – AUS$300 million.

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Australia LNG news LNG import news Offshore LNG news Natural gas news


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