Port Kembla in New South Wales
Australia's LNG import projects encounter buyer apathy
Despite Australia’s first import terminal nearing completion, the prospect of additional regasification projects is far from certain
Australia’s Squadron Energy said on 24 March that its Port Kembla project in New South Wales, which can supply more than 100PJ/yr of gas to the local market, was more than 90% complete. It has been two-and-a-half years since construction began on the project. However, growing complexity within the east coast gas market leaves uncertainty about how and where such developments fit within the energy mix. Indeed, despite Port Kembla’s imminent completion, the project still has not secured any buyers. This lack of demand is perhaps why the project’s FSRU is now en route to Egypt to start an 18-month contract at the port of Ain Sokhna. Delays set in Consultancy Wood Mackenzie revealed on 22 April
Also in this section
10 April 2025
Technology, policy and narrative are the three biggest factors that could change the course of our 2050 outlook
10 April 2025
Latin America’s largest economy expects big uptick in crude this year with the imminent arrival of several FPSOs
9 April 2025
A rising global population and greater urbanisation will mean increasing demand for energy, but what will be up and down in the mix? Petroleum Economist looks out to 2050 again in the second part of our long-term outlook
9 April 2025
AI is powering the Middle East & North Africa’s digital transformation, but can the region meet soaring energy demand sustainably? Small modular reactors may hold the key
