Australia’s Viva signs LNG infrastructure deal with GeelongPort

Australia’s Viva Energy has entered into commercial agreements with GeelongPort for the planned FSRU-based LNG import terminal at its Geelong refinery.

According to a statement by Viva Energy on Wednesday, the deal includes construction and provision of necessary pier and berthing infrastructure for the LNG import project.

The new agreement involves the construction of an extension to the existing refinery pier to provide an additional berth for a permanently moored FSRU which will be capable of receiving LNG imports from visiting vessels.

Also, GeelongPort will construct the extension to the existing pier and license it to Viva Energy.

Viva will construct the related infrastructure including a gas pipeline and treatment facility to enable gas to be supplied into the network.

The Australian firm says this facility would provide a “flexible and reliable supply of gas” to meet Victoria and South East Australia’s ongoing energy needs within the backdrop of rapidly declining local gas production and forecast shortages expected to impact consumers over the next few years.

In December, Viva signed deals with Woodside and Hoegh LNG for the planned FSRU-based terminal.

Woodside plans to book regasification capacity while Hoegh would provide the FSRU.

Prior to these deals, Viva signed initial agreements in 2020 with two consortiums that showed interest in supporting the LNG import project.

The first consortium includes Engie’s local unit and Japan’s Mitsui & Co, while the other consists of trader Vitol and energy storage provider VTTI.

“Important step”

Viva said this new deal with GeelongPort reflects an “important step” in approval and development of the LNG terminal.

In addition, it provides a “clear pathway” to the construction and delivery of the necessary infrastructure underpinning the project.

The start of construction remains subject to certain conditions, including Viva Energy taking a final investment decision and the Minister for Planning’s assessment of the environmental effects of the project, it said.

Most Popular

Eni: third phase of YPF’s Argentina LNG project requires $20 billion investment

The third phase of YPF's Argentina LNG export project would require an investment of about $20 billion, according to Eni’s COO of global natural resources, Guido Brusco.

Wison scores Suriname FLNG gig

China’s Wison New Energies has signed a detailed feasibility study deal for a newbuild floating liquefied natural gas (FLNG) facility in Suriname's offshore Block 52.

Venture Global to introduce gas to tenth Plaquemines liquefaction block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the tenth liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

More News Like This

Hoegh Evi, Wartsila develop floating ammonia-to-hydrogen cracker

Norwegian FSRU player Hoegh Evi and a unit of Finnish tech firm Wartsila have developed what they say is the world’s first floating ammonia-to-hydrogen cracker.

Woodside assessing tariff impact on Louisiana LNG

Australian LNG player Woodside is assessing the impact of recent US tariffs and other trade measures on its Louisiana LNG project, according to Woodside CEO Meg O’Neill.

Woodside, Uniper ink Louisiana LNG supply deal

Australia's Woodside has signed LNG sale and purchase agreements with Germany's Uniper to supply the latter from its planned Louisiana LNG project and its global portfolio.

Woodside in LNG supply talks with Germany’s Uniper

Australian LNG player Woodside confirmed on Wendesday it is in talks with Germany's Uniper over a potential LNG supply deal.