Australian Industrial Energy (AIE) has been given the go-ahead by the New South Wales Government for the development of a new liquefied natural gas (LNG) import terminal at Port Kembla’s industrial precinct.
The $250 million project will include LNG carrier vessels, a floating storage and regasification unit (FSRU), wharf facilities and a pipeline that will connect the FSRU to the existing east coast gas transport network.
“This terminal will make the State of NSW more self-sufficient when it comes to energy, and will create greater access to the global gas market,” Deputy Premier John Barilaro said.
Source: Australian Industrial Energy
The Port Kembla Gas Terminal is anticipated to support up to 150 jobs during its construction and about 40-50 ongoing positions once it is operational.
Once the new terminal is up and running, it will be able to produce approximately 100 petajoules of natural gas annually - which is over 70% of the State’s current yearly gas demand - helping reduce the cost and improve security of NSW’s energy supply.
“It could support gas-fired electricity generation in NSW and help make sure we have reliable electricity,” Minister for Energy and Environment Matt Kean said.
The approval granted by the State Government comes with a number of conditions, including construction impact management; managing hazards and risks related to the operations of the terminal; and regulation and monitoring of air and water discharge during construction and operation.
First gas is expected to be delivered to market in late 2020.
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