Vopak lays out plan to build Australian LNG import terminal

Dutch independent storage tank firm Vopak has revealed a plan to build an LNG import facility in Australia’s Victoria state, joining several other developments looking to fill an expected gas supply shortfall in the region.

Vopak, which already co-owns four LNG import terminals around the globe, is looking to install an FSRU in Port Phillip Bay, off the shoreline of Avalon and near Melbourne.

The terminal could supply the “gas needs of households, business and industry throughout Victoria as the nation transitions to renewable energy,” Vopak said in a statement.

In addition, the firm said that “several gas market participants” have already shown support for the development.

Vopak is looking to submit the development proposal to the Victorian government this year while the facility could receive its first LNG cargoes after 2024.

Vopak Australia managing director Fulco van Geuns said in the statement the company would like to have the facility operational before Victoria faces “substantive gas shortages.”

The new development will have to compete with at least five other developments aiming to import LNG into southeast Australia.

Two of these are in Victoria, namely AGL’s Crib Point FSRU project but also Viva Energy’s planned LNG import terminal at its Geelong refinery.

The Geelong project is located in the region where Vopak plans the new development.

Most Popular

Cheniere plans to boost LNG export capacity to 100 mtpa

US LNG exporting giant Cheniere plans to boost its export capacity to about 100 mtpa via new expansion projects at its Sabine Pass and Corpus Christi LNG terminals.

Coastal Bend LNG plans large Texas export plant

Coastal Bend LNG said it had initiated development of a 22.5 million ton per annum (mtpa) natural gas liquefaction and export facility on the Texas Gulf Coast.

Golden Pass LNG contractors agree terms for second and third train

Japan's Chiyoda and US-based McDermott have signed a binding term sheet with Golden Pass LNG, a joint venture owned by QatarEnergy and ExxonMobil, to complete the construction of the second and third liquefaction units at the giant LNG export plant in Texas.

More News Like This

South Africa plans to buy US LNG

South Africa, which currently does not have LNG import terminals, plans to buy liquefied natural gas from the US under a 10-year deal.

Vopak in advanced talks to secure FSRU for Australian LNG import project

Dutch independent storage tank firm Vopak said it is in advanced talks to secure a converted floating storage and regasification unit for its planned LNG import facility in Australia’s Victoria state.

Dutch Eemshaven LNG terminal received 123 cargoes since launch

The FSRU-based LNG import facility in the Dutch port of Eemshaven, owned by Gasunie and Vopak, has received 123 shipments, mostly from the US, since its launch in September 2022.

TNPA inks terminal operator deal for South Africa’s first LNG import terminal

South Africa’s Transnet National Ports Authority has signed a 25-year terminal operator agreement with a joint venture consisting of Dutch terminal operator Vopak and its consortium partner Transnet Pipelines for South Africa's first LNG import terminal.