Australia could import LNG from 2027 with four projects underway along east coast
The country's competition regulator has said that the east coast may face a longer-term shortfall amid higher demand and structural decline.
Below is a list of four proposed projects being advanced on the east coast, consisting of floating storage and regasification units (FSRUs), which will send gas via pipelines back to the mainland for consumption.
OPERATOR: Squadron Energy
LOCATION: New South Wales
LNG IMPORT CAPACITY: 2 million tons a year
OPERATIONAL DATE: 2027
The Port Kembla Energy Terminal is already commissioned and plans to import around 2 million metric tons of LNG yearly.
The project's commercial operations date has been delayed to 2027 from 2026 after operator Squadron Energy extended the sub-charter of the FSRU, Hoegh Galleon, to Egypt's EGAS until end-2026, according to a company spokesperson.
The terminal is already connected to gas and electricity distributor Jemena's Eastern Gas Pipeline, according to the Australian Energy Market Operator.
OPERATOR: Atlantic, Gulf and Pacific (AG&P) LNG
LOCATION: Port Adelaide
LNG IMPORT CAPACITY: 2 million tons a year
OPERATIONAL DATE: 2027
Singapore-based Atlantic, Gulf and Pacific (AG&P) LNG has agreed to acquire Australian energy infrastructure developer Venice Energy and will develop its Outer Harbor import terminal in South Australia.
The proposed terminal, pending a final investment decision, will be built by converting a 145,000 cubic metre LNG carrier to an FSRU.
Construction is expected to be completed by the end of 2026, with the first gas to flow into the system by mid-2027, Venice Energy said on its website.
OPERATOR: Viva Energy Group (VEA.AX), opens new tab
LOCATION: Geelong, Victoria
LNG IMPORT CAPACITY: 2 million tons a year
OPERATIONAL DATE: 2028
The Australian government has cleared the construction of Viva Energy Group's (VEA.AX), opens new tab LNG terminal in Geelong, the company said on May 30.
The terminal will use an FSRU with a 7 kilometre (4.35 miles) pipeline connecting it to Victoria, with a capacity of 160 petajoules or about 2.9 million tonnes per year.
First gas deliveries are expected in 2028.
OPERATOR: Vopak (VOPA.AS), opens new tab
LOCATION: Port Phillip Bay, Victoria
LNG IMPORT CAPACITY: Up to 50 cargoes* a year
OPERATIONAL DATE: 2029
Vopak has started talks with gas suppliers and offtakers for its LNG import terminal project in Victoria and expects to make a final investment decision in 2026-2027. It aims to start terminal operations in 2029.
Vopak is seeking an FSRU with a capacity of 170,000 cubic metres to regasify LNG, and gas would be transported to Victoria through a 19 km underwater pipeline.
*One LNG cargo is roughly 70,000 metric tons
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
2 hours ago
- Reuters
Britain, Australia to deepen AUKUS commitment, economic ties
SYDNEY, July 25 (Reuters) - Australia and Britain's defence and foreign ministers arrived for talks in Sydney on Friday on boosting cooperation, including deepening the two countries commitment to the AUKUS nuclear submarine partnership. Britain's Foreign Minister David Lammy and Defence Secretary John Healey were met by Prime Minister Anthony Albanese in Sydney, where talks are expected to focus on boosting trade ties and progressing the AUKUS partnership for Britain and Australia to build a new class of nuclear-powered submarine. The United States is reviewing the trilateral agreement struck in 2021, and has pressed Australia to increase defence spending to counter China's military build-up in the Indo Pacific region. A new British-Australian treaty will underpin each country's submarine programmes and is expected to be worth up to 20 billion pounds ($27 billion) to Britain in exports over the next 25 years, Britain's Ministry of Defence said. "AUKUS is one of Britain's most important defence partnerships, strengthening global security while driving growth at home," British defence minister John Healey said in a statement. The treaty "confirms our AUKUS commitment for the next half century," he added. Following the Australia-United Kingdom Ministerial Consultations (AUKMIN), ministers are scheduled to travel to the northern garrison city of Darwin, where the British aircraft carrier HMS Prince of Wales has arrived for the Talisman Sabre war games. As many as 40,000 troops from 19 countries are taking part in the Talisman Sabre exercises held from July 13 to August 4, which Australia's military has said are a rehearsal of joint war fighting that contribute to stability in the Indo-Pacific. Britain has significantly increased its participation in the exercise co-hosted by Australia and the United States, with 3,000 troops taking part.
Powys County Times
4 hours ago
- Powys County Times
Lammy and Healey to sign bilateral Aukus deal during trip to Australia
The UK will sign a new 50-year bilateral Aukus treaty with Australia as the Foreign and Defence Secretaries visit the country on Friday. David Lammy and John Healey will meet their counterparts at the annual Australia-UK ministerial meeting, or Aukmin, in Sydney, and then travel on to Melbourne to meet businesses involved in the Aukus submarine programme. They will also visit Darwin as the Carrier Strike Group docks in the Northern Territory. The Aukus partnership between the UK, US and Australia involves building nuclear-powered attack submarines – including Australia acquiring its first such fleet – and co-operating in other areas of defence. It was agreed by the three countries in 2021, but the Trump administration has put it under review, raising fears it could pull out. The deal now being signed by the UK and Australia sets out the bilateral aspects of the partnership and how the two countries will work together to deliver their Aukus submarine programmes over the next half century. Defence Secretary Mr Healey said: 'Aukus is one of Britain's most important defence partnerships, strengthening global security while driving growth at home. 'This historic treaty confirms our Aukus commitment for the next half century.' He said people 'not yet born' will benefit from jobs secured through the deal. More than 21,000 people in the UK are expected to be working on the programme at its peak. Foreign Secretary Mr Lammy said the UK-Australia relationship is 'like no other'. He added: 'In our increasingly volatile and dangerous world, our anchoring friendship has real impact in the protection of global peace and prosperity. 'Our new bilateral Aukus treaty is an embodiment of that – safeguarding a free and open Indo-Pacific whilst catalysing growth for both our countries.' The UK's Carrier Strike Group – an international formation of Royal Navy warships, submarines and aircraft – has been taking part in the Talisman Sabre military exercise hosted in Australia. The Australia and US-led military exercise involves more than 35,000 military personnel from 19 countries. Shadow defence secretary James Cartlidge said: 'Aukus was a landmark achievement of the last Conservative government and it's essential that Labour keeps up the momentum, including on industrial collaboration. 'We welcome further progress but this must deliver in practice, both in terms of jobs and strengthened mutual security, at a time of heightened threats.'
North Wales Chronicle
4 hours ago
- North Wales Chronicle
Lammy and Healey to sign bilateral Aukus deal during trip to Australia
David Lammy and John Healey will meet their counterparts at the annual Australia-UK ministerial meeting, or Aukmin, in Sydney, and then travel on to Melbourne to meet businesses involved in the Aukus submarine programme. They will also visit Darwin as the Carrier Strike Group docks in the Northern Territory. The Aukus partnership between the UK, US and Australia involves building nuclear-powered attack submarines – including Australia acquiring its first such fleet – and co-operating in other areas of defence. It was agreed by the three countries in 2021, but the Trump administration has put it under review, raising fears it could pull out. The deal now being signed by the UK and Australia sets out the bilateral aspects of the partnership and how the two countries will work together to deliver their Aukus submarine programmes over the next half century. Defence Secretary Mr Healey said: 'Aukus is one of Britain's most important defence partnerships, strengthening global security while driving growth at home. 'This historic treaty confirms our Aukus commitment for the next half century.' He said people 'not yet born' will benefit from jobs secured through the deal. More than 21,000 people in the UK are expected to be working on the programme at its peak. Foreign Secretary Mr Lammy said the UK-Australia relationship is 'like no other'. He added: 'In our increasingly volatile and dangerous world, our anchoring friendship has real impact in the protection of global peace and prosperity. 'Our new bilateral Aukus treaty is an embodiment of that – safeguarding a free and open Indo-Pacific whilst catalysing growth for both our countries.' The UK's Carrier Strike Group – an international formation of Royal Navy warships, submarines and aircraft – has been taking part in the Talisman Sabre military exercise hosted in Australia. The Australia and US-led military exercise involves more than 35,000 military personnel from 19 countries. Shadow defence secretary James Cartlidge said: 'Aukus was a landmark achievement of the last Conservative government and it's essential that Labour keeps up the momentum, including on industrial collaboration. 'We welcome further progress but this must deliver in practice, both in terms of jobs and strengthened mutual security, at a time of heightened threats.'
