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AGL considers importing LNG into Southeast Australia

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LNG Industry,

According to Reuters, AGL Energy is considering the possibility of importing LNG into Southeastern Australia from 2021 onwards. Reuters reports that this would ease the grip on supply held by four ExxonMobil-led producers in the region.

Reportedly, AGL is carrying out an AUS$17 million study on constructing an LNG import terminal. The company estimates that the project would cost between AUS$200 million and AUS$300 million, and that a number of sites have already been identified. AGL added that it was planning to make a final investment decision (FID) in 2018 – 2019, and that a terminal could be available by 2021.

Reuters claims that the LNG could be imported from a number of places, including Europe, Africa, Asia, the US and the Middle East.

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