Venice Energy moves forward with South Australian LNG import project

Venice Energy, the developer of a $155 million LNG import facility in South Australia, has signed a project agreement with Flinders Ports.

The deal sets out the framework to support the development of the proposed LNG import project in Port Adelaide, the Australian firm said in a statement.

Additionally, the duo agreed a concept design that will guide the development of two new operating berths but also associated onshore facilities at Outer Harbor, subject to development approval.

Moreover, Venice Energy claims the LNG import facility would enhance the supply of gas to South Australian domestic and industrial users.

Managing Director of Venice Energy, Kym Winter-Dewhirst says the facility will bring
“significant benefits” to the state.

“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 renewable sector by providing firm dispatchable energy at times when wind and solar are not operating,” he said.

He added that the project would also enable downward pressure on gas prices for all users.

“Our proposed facility is expected to bring around 80 Petajoules per annum of LNG into
South Australia and with supplies forecast to tighten in just a few years’ time, importing LNG makes sense.

“The facility will also be able to support existing gas-powered infrastructure,” he said.

Launch expected by late 2022

Venice Energy recently submitted its development application to the state government for consideration.

If approved, the project would include a two-berth wharf facility to accommodate an LNG carrier, a moored FSRU and supporting infrastructure.

Furthermore, the proposed facility would be located adjacent to the Pelican Point gas fired power station next to the already productive Flinders Ports quay line.

Subject to various approvals and other milestones set out in the project agreement, Venice Energy expects to launch the facilit by late 2022.

- Advertisements -

Most Popular

Venture Global’s Plaquemines LNG inks gas supply deal

Venture Global LNG's Plaquemines LNG has signed a natural gas sale and purchase deal with Houston-based midstream gas marketer...

Venture Global’s Plaquemines LNG gets OK to introduce gas to GTG

US LNG exporter Venture Global LNG has received approval from US energy regulators to introduce natural gas to the...

Yamal LNG cargo delivered to China via NSR

Russian LNG exporter Novatek has delivered this year's first Yamal LNG cargo via the eastern part of the Northern...

More News Like This

Venice Energy finds partner for South Australian LNG import project

Venice Energy said it had identified the leading contender to underwrite its FSRU-based LNG import project in the Port...

Venice Energy expects FID on South Australian LNG import project by August

Venice Energy expects to take a final investment decision to build its FSRU-based LNG import project in the Port...

Venice Energy inks FSRU deal with AG&P LNG

Venice Energy, the developer of the Outer Harbor LNG import project in the Port of Adelaide, has signed a...

Origin plans to become sole user of Venice Energy’s South Australian LNG terminal

Australia's Origin Energy aims to become the sole user of Venice Energy's FSRU-based LNG import terminal in the Port...