Skip to main content

EnergyAustralia to purchase gas from Australian import terminal

Published by
LNG Industry,


According to Reuters, Australian energy retailer EnergyAustralia has signed a preliminary agreement to purchase gas from the LNG import facility planned by Australian Industrial Energy.

Reuters reports that EnergyAustralia – the third largest energy retailer in Australia – is therefore the first customer to agree to purchase gas from the Port Kembla LNG facility, backed by JERA, Marubeni Corp. and Squadron Energy.

According to Reuters, before a final investment decision (FID) on the AUS$250 million project is made, the Australian Industrial Energy joint venture is looking to lock in customers for gas. Reportedly, the plan is to moor a floating storage and regasification unit (FSRU) at the port, which will be capable of importing approximately 2 million tpy of LNG.

Reuters reports that this will be enough to supply approximately 100 PJ/yr to New South Wales, which currently depends on neighbouring states for the majority of its gas requirements.

According to Reuters, Australian Industrial Energy has reached an agreement to provide 15 PJ/yr of gas to EnergyAustralia over a five-year period at an oil-linked price. These supplies will commence as of January 2021.

Read the article online at: https://www.lngindustry.com/regasification/22052019/energyaustralia-to-purchase-gas-from-australian-import-terminal/

You might also like

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Australia LNG news LNG import news Offshore LNG news


 

LNG Industry is not responsible for the content of external internet sites.