Venice Energy gets Outer Harbor LNG terminal approval
Venice Energy has received approval from the South Australian Government for construction of its 415-MMcfd LNG regasification terminal in the Outer Harbor of Port Adelaide. The first shipment of LNG into the terminal and connection to the South Australian gas network is anticipated late-2023 to early 2024.
Venice expects construction to begin mid-2022 and take 12-14 months. The terminal will include two new wharves at Outer Harbor Berths 9 and 10 and a moored 150,000-cu m floating storage and regasification unit, to be supplied by GasLog (OGJ Online, July 7, 2021).
The company says the terminal will prevent forecast domestic gas shortages for both South Australia and Victoria.
Development approval opens the way for Venice to undertake a feasibility study into making the 680 km Seagas pipeline from Victoria to South Australia bidirectional, enabling the terminal to supply gas to both states. The terminal will also connect with the Moomba-to-Adelaide pipeline system.
Christopher E. Smith | Editor in Chief
Christopher brings 27 years of experience in a variety of oil and gas industry analysis and reporting roles to his work as Editor-in-Chief, specializing for the last 15 of them in midstream and transportation sectors.