4 May 2021 19:04 GMT
Updated
4 May 2021 23:29 GMT
in
Singapore
Australia’s AGL Energy has pulled the plug on its planned liquefied natural gas import project at Crib Point in Victoria, Australia.
Development of the proposed LNG import jetty project has ceased with immediate effect, AGL confirmed on Monday.
The decision follows
the 30 March determination by Victoria's Minister for Planning that the project would have unacceptable environmental effects.
The Sydney-based company had considered sites in the states of New South Wales, Victoria and Queensland before deciding on Crib Point (Western Port), where there is an existing jetty, for its touted maximum 2.5 million tonnes per annum project based on a floating storage and regasification unit.