Greece’s LNG shipping company GasLog has entered into an agreement with Venice Energy for the supply of an FSRU as part of a proposed LNG import terminal in South Australia .
The Outer Harbor Project is an LNG import terminal based on a floating storage and regasification unit (FSRU) in Port Adelaide, proposed by Australian developer Venice Energy.
GasLog signed a Heads of Agreement to negotiate a charter deal for the supply of FSRU. The company will also provide a technical support crew to operate the facility.
GasLog is currently involved in a number of LNG import facility projects including offshore Greece in Alexandroupolis, Panama and soon to be Australia.
“We believe this project will provide a positive contribution to the South Australian energy market through helping to deliver cleaner energy to underpin the renewable sector,” stated CEO of GasLog, Paul Wogan .
Government and other approvals for the project are expected in the next few months, followed by an anticipated 12-month construction period.
The facility is expected to be operational by late 2022 to early 2023.