LNG partner for Port Kembla Gas Terminal
A Norwegian supplier of floating storage and regasification units (FSRU) has been chosen to supply these services to Australia’s Port Kembla Gas Terminal.
The Höegh LNG charter contract will position Australian Industrial Energy (AIE) to receive LNG cargoes at Port Kembla and supply much needed gas to east coast Industrial customers from the first quarter of 2020.
“AIE’s NSW gas import facilities will be nothing short of world’s best-in-class. We have Höegh LNG’s global leadership in the supply and operation of FSRU technology combined with the world’s largest LNG buyer, JERA, which also has decades of LNG import terminal operating experience,” said James Baulderstone, CEO of AIE.
AIE said that the new contract with Höegh LNG will continue to position PKGT as Australia’s leading LNG import terminal.
Under the Exclusivity Agreement signed with Höegh LNG, AIE has the right to lease one of Höegh LNG’s state-of-the-art 300-metre-long 170,000m3 FSRUs.
The FSRU will be permanently moored at Berth 101 in Port Kembla’s inner harbour for the duration of the Time Charter Party contract.
It will form part of the final port infrastructure design plans which will also address the NSW Government’s planning assessment and development approval requirements.
When completed, the Port Kembla Gas Terminal project will have an initial capacity to supply in excess of 75% of NSW annual gas needs.
Höegh is the largest global supplier of FSRUs accounting for over 30% of the current global FSRU fleet.
LATEST PRESS RELEASE
CIRCLE S.p.A.: continues its growth abroad with a new cooperation with Bulgarian Ports Infrastructure Company.
Circle S.p.A. (“Circle”), a Company leading its own Group specialized in process and management cons... Read more
The Board of Directors of the Port Authority of Valencia (PAV) has approved this Friday, initially a... Read more
With the global container shipping market currently estimated to be worth $4 trillion and representi... Read more
The 2018 GreenPort Congress conference invites industry experts to discuss the reduction of emission... Read more
Lithium-ion battery expert Dr John Warner is presenting at the NEXT GENERATION Marine Power & Propul... Read more
AMRO, a specialist marine equipment and services provider operating out of the GCC, has recently eng... Read more