Viva Energy announced that it has received a positive environmental assessment from the Victorian government for its LNG terminal project in Geelong.
Viva Energy announced that it has received a positive environmental assessment from the Victorian government for its LNG terminal project in Geelong, “marking a significant step in ensuring a secure energy future for the state” by “ensuring the stability of gas supply in south-eastern Australia.”
The company said that it would now work to lock in gas market participants in order to firm up the business case for a final investment decision on the project.
“With construction likely to commence in the second half of 2026, with the majority of works in 2027, various capital and commercial structures are being assessed.”
The terminal project which would consist of a FSRU docked at Corio Bay off Refinery Pier, and 7-Km of new pipeline to link up to the existing gas network, will supply gas for the more than 2 million households and 65,000 businesses in Victoria, Viva said, adding that “the terminal is a strategic asset that will not only deliver Victoria’s energy needs but will also support gas demands from South Australia, Tasmania and New South Wales through the interconnected south eastern Australia gas transmission pipeline network.”
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