Australian energy company AGL Energy is considering developing an LNG import terminal in south-eastern Australia, to avoid a looming gas shortage in New South Wales and Victoria, which have introduced moratoriums on the development of coal seam gas resources.
AGL will dedicate A$17m (US$13m) to a feasibility study on the potential regasification terminal, with the aim of reaching a final investment decision in 2018 or 2019. A number of potential sites have been identified. The LNG terminal could be commissioned as early as 2021 and would import LNG from Europe, the Middle East, Africa, Asia and the United States.
Australia currently has seven operational liquefaction plants, with a combined LNG production capacity of nearly 55 Mt/year. Including the 4 projects under construction (31.8 Mt/year) and the projects under development (11 Mt/year), Australia will take over Qatar (77 Mt/year) as the largest LNG producer worldwide.
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