A multi-million dollar gas terminal that will be able to supply most to the state’s needs could be built in Port Kembla.
The Australian-led international energy consortium Australian Industrial Energy (AIE) has chosen Port Kembla as its preferred location for the state’s first Liquified Natural Gas import terminal.
The proposed Port Kembla Gas Terminal now needs state government approval before construction can begin.
Construction of the terminal is likely to require a capital investment of between $200 and $300 million, generate around 150 jobs during the construction phase and 40-50 ongoing roles.
“NSW is facing significant challenges in ensuring available and affordable gas supplies and we are working to make this project a reality as quickly as possible,” said AIE CEO James Baulderstone.
He said the terminal would be able to meet more than 70 per cent of the state’s gas needs and could be up and running by as early as 2020.
More to come