MELBOURNE, March 30 (Reuters) - The state of Victoria on Tuesday rejected a plan by AGL
Energy to import liquefied natural gas (LNG), effectively killing one of six proposed
LNG import projects in Australia.
Dutch oil storage copmany Vopak recently joined the queue, with a plan to dock a floating
storage and regasification unit (FSRU) near Melbourne.
Below is a list of the remaining proposed LNG import terminals in Australia, with capacity
in petajoules (PJ). Exxon Mobil Corp considered building one, but decided in December
2019 it would not go ahead as "there was insufficient interest from potential customers".
LNG import Port Kembla, Outer Harbor, Newcastle, Geelong, Avalon,
project New South South New South Victoria Victoria
location Wales Australia Wales
Owner Australian Venice Energy South Viva Vopak
Industrial set up by Korea-based, Energy
Energy (AIE), private firm private firm
owned by Integrated EPIK,
Andrew Global working with
Forrest's Partners, in Hyundai LNG
Squadron talks with Shipping
Energy Mitsubishi
Corp
Annual 100 PJ 80 PJ Could handle 80-140 PJ up to 50
capacity more than LNG
300 PJ cargoes a
year
Model AIE lining up Toll for LNG Toll for LNG To be Open
contracts to traders to traders to decided access to
sell gas to use facility use facility LNG
industrial suppliers
customers and gas
buyers
Final No date No date H1 2020 No date No date
Investment
Decision
Target Late 2022 H1 2022 2021 2024 2024
start-up
Status State approved Expect to Aim to Seeking Aims to
submit secure expression submit
development regulatory s of proposal
application approval by interest to state
in Aug 2020 Q2 2020 in Q3 2021
Estimated A$200 mln to A$850 mln, US$430 mln, Under Not
cost A$250 mln, includes including study disclosed
excluding FSRU building a cost of
charter cost 500 megawatt building an
gas-fired FSRU
power plant
Sources: Projects, Department of Industry, ACCC
* Financial year July 2021-June 2022
(Reporting by Sonali Paul)
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