Australian energy company AGL has selected Crib Point, Western Port, in Victoria as the preferred site for the construction of a gas import terminal.
The company said that a gas import jetty and pipeline would be built in order to increase energy security and supply in south eastern Australia.
“Crib Point is best placed to serve Victoria, Australia’s largest gas market, as well as take advantage of the existing pipeline network, industrial port facility and associated infrastructure,” AGL added.
AGL will continue to engage with the relevant stakeholders, including Government authorities and the Western Port community, to complete feasibility studies on the proposed site.
“This doesn’t signal the end of the feasibility studies for the proposed site but now accelerates the process. We look forward to ongoing consultation with the local community to answer their questions and proceed towards a formal application to the Victorian Government,” Richard Wrightson, AGL Executive General Manager, Wholesale Markets, said.
“If all goes to plan, AGL would invest roughly AUD 250 million, commence construction in 2019 and bring the terminal into operation by 2020/21.”