AGL selected the location, after considering sites in New South Wales and South Australia, as Victoria is Australia’s largest gas market and has existing pipeline networks, industrial port facilities and associated infrastructure.
“This doesn’t signal the end of the feasibility studies for the proposed site but now accelerates the process,”? said AGL Executive General Manager, Wholesale Markets Richard Wrightson.
“We look forward ongoing consultation with the local community to answer their questions and proceed towards a formal application to the Victorian Government.
“This project will enable access to the world market for gas, injecting some much-needed competition into the Australian market and help ease the tight gas supply.
“If all goes to plan, AGL would invest roughly $250 million, commence construction in 2019 and bring the terminal into operation by 2020/21.”?
AGL will continue to engage with relevant stakeholders, including Government authorities and the Western Port community, to complete feasibility studies on the proposed site.