Sydney :Australian Industrial Energy (AIE) plans to develop a liquefied natural gas (LNG) terminal at Port Kembla in New South Wales (NSW), Australia. AIE is a consortium of Squadron Energy, Marubeni Corporation, and JERA.
The LNG import terminal will the first in New South Wales and will be named Port Kembla Gas Terminal. It will be capable of supplying up to 100 petajoules (PJs) of natural gas a year. The imported quantity will meet more than 70% of NSW’s current annual gas demand.
AIE is making an estimated investment of A$200m ($143m)-A$300m ($215m) in the project. An initial concept feasibility study of the project was completed in May 2018, while a front-end engineering design (FEED) study is underway.
The project was granted Critical State Significant Infrastructure (CSSI) status by the NSW government in June 2018. The status is granted to projects which have significant economic, social and environmental benefits.
The LNG terminal is anticipated to receive it’s first import of LNG in 2020. It is expected to create between 130 and 150 construction jobs, and between 40 and 50 jobs during operation.