Venice Energy advances proposed Adelaide LNG project

Venice Energy, Adelaide, expects to reach a final investment decision on its LNG import terminal proposed for Port Adelaide’s Outer Harbour by August.

Venice completed a study in conjunction with SEA Gas, owners of the 680-km pipeline between Victoria and South Australia, confirming that the pipeline can be reconfigured to facilitate bi-directional flow between the two states.

Venice said the development means South Australia and Victoria will be able to secure gas supplies and avoid shortages, particularly during the peak winter period.

The Outer Harbour project will be able to receive LNG from the North West Shelf, Gladstone, and international sources. The project also will provide storage via a floating storage and regasification unit, through the SEA Gas pipeline, as well as storage maintenance at the Iona underground storage unit in western Victoria via regular imported shipments of LNG.

The project will consist of two new berths, cryogenic piping, gas loading arms, and associated infrastructure.

It will connect to the SEA Gas pipeline at a junction point about 150 m from the terminal boundary.

If the project reaches FID on schedule, construction will begin in October.