The Port Kembla Gas project in Australia entered its most advanced phase. Namely, the specific site within Port Kembla has been selected, front end engineering and design has been completed, the FSRU vessel has been secured, the Environmental Impact Statement (EIS) has been submitted and reviewed, and a number of key commercial contracts are nearing finalization.
The Australian Industrial Energy (AIE) now hopes to obtain NSW Government Determination (Development consent) in the coming weeks. In addition, the project sponsors are establishing an organisational structure to move the project into its construction and operations phase.
Incumbent CEO, James Baulderstone, noted that the Project will move through to the execution phase soon and it will start providing energy solutions to the Australian industry in the near future.
The need for both more energy supply and more energy suppliers is critical to solving the current issues faced by energy consumers. I am pleased that the AIE project has been able to position itself as the leading import gas project so quickly
The facility will feature a capacity to supply over 100PJ per year, which is enough to meet more than 70% of NSW’s total gas needs.
The construction of the terminal would require a capital investment of $200m-$300 million, while the consortium behind the project includes Squadron Energy and Japan’s Marubeni and Jera.