A joint research by South Australian (SA) LNG import terminal developer, Venice Power, and SEA Fuel, the homeowners of the 680 km pipeline between Victoria and SA, has confirmed the pipeline will be reconfigured to facilitate bi-directional move between the states.
This implies the proposed LNG terminal within the Outer Harbor at Port Adelaide will be certain that each SA and Victoria can safe their gasoline provides and keep away from shortages, significantly through the peak winter interval.
Venice Power Managing Director, Kym Winter-Dewhirst, mentioned final season’s gasoline shortages within the southeast of Australia, significantly in Victoria, will develop into a factor of the previous as soon as the challenge turns into absolutely operational in 2026.
“Most gasoline producers, analysts, and regulators agree that home gasoline provides in southeast Australia will fall considerably over the subsequent decade as coal begins to exit the native market and gasoline turns into the first back-up for renewable vitality as a result of its intermittent nature,” he mentioned.
“We consider that imported LNG offers insurance coverage to vitality provide corporations because the nationwide makes it transition to a low carbon economic system over the subsequent 10 – 15 years and our LNG terminal will play a significant position in that transition.”
Venice Power’s Outer Harbor Venture can obtain LNG from each the Northwest Shelf and Gladstone together with entry to worldwide gasoline provides, which can guarantee there may be by no means a gasoline scarcity right here.
It would additionally present vital extra storage through its FSRU, via the 680 km SEA Fuel pipeline and by sustaining storage on the Iona underground storage facility west of Melbourne through common shipments, particularly throughout peak winter durations.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/05052023/venice-energy-and-sea-gas-announce-sa-lng-import-terminal-study-results/
