Port Kembla FSRU

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Port Kembla FSRU is a proposed FSRU terminal in Port Kembla, New South Wales, Australia.

Location

The terminal is planned for Port Kembla, a suburb of Wollongong in New South Wales.

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Project Details

  • Parent: Australian Industrial Energy (AIE-contractor), Höegh LNG (owner)[1]
  • Location: Port Kembla, New South Wales, Australia
  • Coordinates: -34.4814133, 150.8893602 (approximate)
  • Capacity: 1.9 million tonnes per year
  • Cost: A$250 million (US$159 million)[2]
  • Financing: JERA, Marubeni Corp. and Squadron Energy[3]
  • Status: Proposed, pre-FID
  • Type: Import
  • Start Year: 2022[4]

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

In June 2018 the project was proposed as a 100 petajoules/yr terminal for importing natural gas from southeast Asia. The project would cost an estimated A$300 million and is backed by Australian billionaire Andrew Forrest and Japanese energy company JERA.[5] The Port Kembla terminal would connect to the existing Eastern Gas Pipeline via the 12 kilometre Port Kembla to EGP Gas Pipeline.

In March 2019 AIE announced that an Environmental Impact Statement (EIS) had been submitted and reviewed and that front-end engineering and design (FEED) had been completed.[6] In April 2019 the project was approved by the New South Wales government.[7] In May 2019 EnergyAustralia agreed to buy 15 petajoules of gas a year from the facility over 5 years starting from January 2021.[8]

In November 2019 the project was reported to be significantly delayed and unlikely to reach its projected in-service date of late 2020.[5]

In March 2020 Victoria lifted its ban on onshore gas production but a spokesman for AIE said this would not impact plans to build the FSRU for importing gas.[9] In April 2020 Victoria approved an application from AIE to modify the terminal's development consent which will allow for increased output and number of shipments of up to 46 variable-sized vessels per year, representing an increase in the number of shipments by 20 per year.[10] AIE has yet to reach a final investment decision (FID) but has stated that it is aiming to achieve this by the third quarter of 2020.[11] In October 2020, Marubeni and Jera sold their interests in the Port Kembla LNG import terminal to Australian energy firm Squadron Energy.[12]

The Sydney Morning Herald reported in January 2021 that the project developers were aiming for gas imports to start flowing at the facility by 2022, with FID potentially to be reached in the first quarter of 2021.[4] In March 2021, it was announced that Australian energy infrastructure company Jemena had signed a deal with Australian Industrial Energy (AIE) to connect the LNG import terminal to the Eastern Gas Pipeline via the 12 kilometre Port Kembla to EGP Gas Pipeline which Jemena will build and operate.[13]

Articles and resources

References

Related GEM.wiki articles

External resources

External articles