Venice Moves Ahead with South Oz Import Terminal
Venice Energy on November 4 said it has signed an agreement with Flinders Ports setting out the framework for developing an LNG import facility in Port Adelaide in South Australia.
“A concept design has been agreed by both companies that will guide the development of two new operating berths as well associated onshore facilities at Outer Harbor, subject to development approval,” the company said.
Venice is proposing to build a A$200mn LNG import facility to boost gas supply to South Australian domestic and industrial users. The proposed facility is expected to bring around 80 petajoules/year (2.12bn m3/yr) of LNG into South Australia.
“Importing LNG into South Australia will improve and diversify local gas supplies, especially during peak periods and help to underpin South Australia’s globally leading renewables sector by providing firm dispatchable energy at times when wind and solar are not operating,” managing director Kym Winter-Dewhirst said.
Last week Venice Energy submitted its development application to the state government for consideration. If approved, the project will include the construction and operation of a new two-berth wharf facility to accommodate an LNG carrier, a moored floating storage and regasification unit (FSRU) and supporting infrastructure to import, store and re-gasify LNG and deliver gas to customers.
Subject to various approvals and other milestones set out in the project agreement with Flinders Ports, the facility is expected to be operational by late 2022, Venice said.