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Update on Crib Point LNG import project

Published by , Editor
LNG Industry,

AGL Energy Ltd. (AGL) has delayed the commencement of operations at the Crib Point LNG import project.

It has been announced that the company expects first gas to be delivered from the proposed AGL gas import jetty at Crib Point in Victoria in 2H22. AGL had previously indicated first gas could potentially be delivered during 2021.

Confirmation of this timetable follows AGL’s decision this week to select the Hoegh Esperanza as the floating storage and regasification unit (FSRU) for the Crib Point project, as opposed to the Hoegh Giant as communicated in December 2018.

AGL believes the Esperanza better fits timing and operational requirements arising from the Environment Effects Statement (EES) process currently being undertaken by the Victorian Government. The Hoegh Esperanza has a later delivery window than the Hoegh Giant.

AGL expects the outcome of the EES to occur no earlier than late 2020, subject to and following which AGL expects to reach a final investment decision (FID) on the project.

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