Venice Energy hires GasLog to find South Australia FSRU
July 7, 2021
Venice Energy has agreed with GasLog Ltd. to negotiate a charterparty for supply of a 150,000-cu m floating storage and regasification unit as part of Venice’s proposed new LNG import terminal project in Outer Harbor, Port Adelaide, South Australia.
Venice Energy has agreed with GasLog Ltd. to negotiate a charterparty for supply of a 150,000-cu m floating storage and regasification unit (FSRU) as part of Venice’s proposed new LNG import terminal project in Outer Harbor, Port Adelaide, South Australia. Planned regasification capacity is 160 petajoules/year (415 MMcfd).
The company expects government and other approvals in the next few months, followed by an anticipated 12-month construction period from financial close and connection to the state’s gas network by end-2022 to early 2023. Interconnections with the Moomba to Adelaide Pipeline System and South-East Australia Pipeline are within 600 m of the planned terminal site.
Work will include construction of two new wharves in Outer Harbor.
As part of the agreement GasLog will provide a technical support crew to operate the terminal.
