6 May 2021 23:40 GMT Updated 6 May 2021 23:40 GMT in Singapore
Australia’s Venice Energy has selected the preferred supplier of the floating storage and regasification unit for its Outer Harbor liquefied natural gas import project down under although the operator is keeping mum on its choice.
The A$200 million (US$155 million) Outer Harbor project is located in Port Adelaide. Foundation gas customers will source their own LNG and the floating terminal will operate as a take-or-pay tolling facility.
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The FSRU is hailed as a crucial component of the proposed LNG import facility at Outer Harbor, which will improve and diversify local gas supplies, especially during peak periods. It will also help underpin South Australia’s renewables sector by providing “firm, dispatchable energy” as the state progresses towards further decarbonisa
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.
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South Australian-based Venice Energy has finalised selection of a preferred supplier of an FSRU for its Outer Harbor Project in the Port of Adelaide.
The FSRU is a crucial component of the proposed LNG import facility at Outer Harbor which will improve and diversify local gas supplies, especially during peak periods and help underpin South Australia’s world leading renewables sector by providing firm, dispatchable energy as the state progresses towards further decarbonisation of its energy landscape.
The company launched its FSRU tender in December last year and received offers of participation from six of the world’s leading FSRU/LNG shipping companies. Three detailed offers were short-listed in early March 2021.
Venice Energy advances LNG import terminal in Australia
May 5, 2021 1:57:pm
Summary
by: Daniel Graeber
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Venice Energy advances LNG import terminal in Australia
South Australian-based Venice Energy said May 5 the selection of a preferred supplier for its FSRU at an LNG project in Adelaide sets it up for a final investment decision by year’s end.
The company launched a tender for the floating storage and regasification unit (FSRU) in December, vetting offers from six different shipping companies. Three of those were short-listed in March.
Without providing a name, managing director Kym Winter-Dewhirst said Venice was now starting to formalise an agreement “with a leading global independent LNG shipowner and operator from Europe.”
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