$250m LNG im­port ter­mi­nal for VIC

The Australian Energy Review - - NEWS - Reuben ADAMS

CRIB Point in Vic­to­ria is AGL’S pre­ferred site for a gas im­port jetty and pipe­line to in­crease en­ergy se­cu­rity and sup­ply for cus­tomers in south east Aus­tralia.

AGL plans to in­vest about $250 mil­lion, com­mence con­struc­tion in 2019, and bring the ter­mi­nal into op­er­a­tion by 2020/21.

AGL an­nounced that Crib Point was well placed to take ad­van­tage of the ex­ist­ing pipe­line net­work, in­dus­trial port fa­cil­ity and associated in­fra­struc­ture.

AGL Ex­ec­u­tive Gen­eral Man­ager – whole­sale mar­kets Richard Wright­son said AGL would con­tinue work­ing on the pro­posal with rel­e­vant stake­hold­ers, in­clud­ing Gov­ern­ment author­i­ties and the Western Port com­mu­nity.

“This doesn’t sig­nal the end of the fea­si­bil­ity stud­ies for the pro­posed site but now ac­cel­er­ates the process. We look for­ward to on­go­ing con­sul­ta­tion with the lo­cal com­mu­nity to an­swer their ques­tions and pro­ceed to­wards a for­mal ap­pli­ca­tion to the Vic­to­rian Gov­ern­ment,” he said.

“This project will en­able ac­cess to the world mar­ket for gas, in­ject­ing some much-needed com­pe­ti­tion into the Aus­tralian mar­ket and help ease the tight gas sup­ply.

The An­drews La­bor Gov­ern­ment stated that the fa­cil­ity would al­low the im­por­ta­tion of cheaper gas from in­ter­state and in­ter­na­tional mar­kets – im­prov­ing the re­li­a­bil­ity of the State’s gas sup­ply and re­duc­ing the price.

The La­bor Gov­ern­ment would work closely with AGL to en­sure ap­provals pro­cesses were stream­lined.

“Af­ford­able en­ergy is crit­i­cal to our eco­nomic pros­per­ity and so­ci­ety. That’s why we wel­come AGL’S Crib Point project – to help se­cure the re­li­a­bil­ity of our gas sup­ply, drive down prices and cre­ate lo­cal jobs,” Pre­mier Daniel An­drews said.

“The fact re­mains that Aus­tralia is ex­port­ing two-thirds of its gas over­seas. Mal­colm Turn­bull needs to put a cap on ex­ports to pro­vide im­me­di­ate re­lief on prices.”

"The FACT re­mains THAT AUS­TRALIA is ex­port­ing Two-thirds Of its gas Over­seas."

Im­age: AGL

new­cas­tle Gas Stor­age Fa­cil­ity.

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