Port Kembla Gas Project Readies for Execution Phase
- Business & Finance
Since its launch in March 2018, Australia’s Port Kembla liquefied natural gas (LNG) import terminal project has entered the last stage of preparation for the Final Investment Decision.
According to the Australian Industrial Energy (AIE), the project is now the most advanced of the proposed LNG import projects in Australia.
The site within Port Kembla has been selected, Front End Engineering and Design (FEED) has been completed, the FSRU vessel has been secured, the Environmental Impact Statement (EIS) has been submitted and reviewed.
Additionally, a number of key commercial contracts, including LNG supply, port access, shortlisted EPC contractors, and customer offtake agreements, are nearing finalization. Based on AIE’s extensive Environmental Impact Statement, the company said it is hopeful of obtaining NSW Government development consent in the coming weeks.
“The project sponsors are now establishing an organisational structure to carry the project into its construction and operations phase,” AIE said.