Australia could import LNG from 2027 with four projects underway along east coast
The country's competition regulator has said that the east coast may face a longer-term shortfall amid higher demand and structural decline.
Below is a list of four proposed projects being advanced on the east coast, consisting of floating storage and regasification units (FSRUs), which will send gas via pipelines back to the mainland for consumption.
OPERATOR: Squadron Energy
LOCATION: New South Wales
LNG IMPORT CAPACITY: 2 million tons a year
OPERATIONAL DATE: 2027
The Port Kembla Energy Terminal is already commissioned and plans to import around 2 million metric tons of LNG yearly.
The project's commercial operations date has been delayed to 2027 from 2026 after operator Squadron Energy extended the sub-charter of the FSRU, Hoegh Galleon, to Egypt's EGAS until end-2026, according to a company spokesperson.
The terminal is already connected to gas and electricity distributor Jemena's Eastern Gas Pipeline, according to the Australian Energy Market Operator.
OPERATOR: Atlantic, Gulf and Pacific (AG&P) LNG
LOCATION: Port Adelaide
LNG IMPORT CAPACITY: 2 million tons a year
OPERATIONAL DATE: 2027
Singapore-based Atlantic, Gulf and Pacific (AG&P) LNG has agreed to acquire Australian energy infrastructure developer Venice Energy and will develop its Outer Harbor import terminal in South Australia.
The proposed terminal, pending a final investment decision, will be built by converting a 145,000 cubic metre LNG carrier to an FSRU.
Construction is expected to be completed by the end of 2026, with the first gas to flow into the system by mid-2027, Venice Energy said on its website.
OPERATOR: Viva Energy Group (VEA.AX), opens new tab
LOCATION: Geelong, Victoria
LNG IMPORT CAPACITY: 2 million tons a year
OPERATIONAL DATE: 2028
The Australian government has cleared the construction of Viva Energy Group's (VEA.AX), opens new tab LNG terminal in Geelong, the company said on May 30.
The terminal will use an FSRU with a 7 kilometre (4.35 miles) pipeline connecting it to Victoria, with a capacity of 160 petajoules or about 2.9 million tonnes per year.
First gas deliveries are expected in 2028.
OPERATOR: Vopak (VOPA.AS), opens new tab
LOCATION: Port Phillip Bay, Victoria
LNG IMPORT CAPACITY: Up to 50 cargoes* a year
OPERATIONAL DATE: 2029
Vopak has started talks with gas suppliers and offtakers for its LNG import terminal project in Victoria and expects to make a final investment decision in 2026-2027. It aims to start terminal operations in 2029.
Vopak is seeking an FSRU with a capacity of 170,000 cubic metres to regasify LNG, and gas would be transported to Victoria through a 19 km underwater pipeline.
*One LNG cargo is roughly 70,000 metric tons
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