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Reganosa Servicios has been chosen by Squadron Energy to operate and maintain the onshore part of the terminal following an international selection process, according to a Reganosa statement.
The contract, the Spanish multinational’s first in Oceania, will have an initial duration of five years with an option for Squadron Energy to extend for a further three years.
The contract involves the comprehensive management of the complex’s onshore facilities including a measuring station, control room, auxiliary systems, and equipment associated with docking and gas transfer.
Reganosa said the FSRU-based terminal is connected by a 12-kilometre, 18-inch diameter gas pipeline.
The Spanish firm did not provide the pricing details of the contract.
In December 2024, Squadron Energy announced that it has completed construction on the Port Kembla import terminal in New South Wales.
Located on Dharawal land, in Port Kembla’s Inner Harbour, it has the capacity to supply 500TJ a day – enough to meet all of NSW’s gas needs on a peak day or half of Victoria’s peak day demand, the company said.
Squadron Energy did not say when Hoegh Evi’s 2019-built FSRU Hoegh Galleon will arrive at the facility.
It previously said that it expects to launch the Port Kembla facility in winter 2025/2026.
Hoegh Galleon is currently located in Egypt, and it is serving a charter deal with Egypt’s EGAS.
Back in 2022, Hoergh Evi, previously known as Hoegh LNG, and Squadron Energy’s Australian Industrial Energy (AIE) confirmed the long-term FSRU charter deal for the latter’s Port Kembla import terminal.
The FSRU contract has a term of 15 years with early termination options for AIE after year 5 and 10.
Hoegh LNG said in November 2023 that the FSRU had started its charter with AIE. After that, it agreed with AIE to charter the unit to EGAS.
