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AGL decision on LNG import terminal expected in FY 2019

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LNG Industry,

Reuters is reporting that Australia’s AGL Energy Ltd. expects to make a final investment decision (FID) on the country’s first LNG import terminal in the financial year of 2019.

The project will consist of a leased FSRU and jetty at Crib Point in the southeastern state of Victoria. The terminal is expected to cost a total of US$189 million and will handle up to 2.6 million tpy of LNG by 2020 or 2021.

“We are working to progress the project to a final investment decision in the financial year 2019 and are on track to do that,” said Phaedra Deckart, general manager of AGL’s energy supply and origination team. “We are in discussion with short-listed LNG suppliers and FSRU providers on the other components to the project.”

AGL’s financial year runs from July to June.

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