Sydney-based AGL Energy’s plans to establish an LNG import terminal at Crib Point in Victoria by 2021 will be delayed following the Victorian government’s call for the company to submit a full environmental assessment of the project.
The review process typically takes up to 12 months. That means AGL’s planned schedule for a final investment decision for the $250-million (Aus.) development by midyear 2019 is unlikely to be met.
AGL, nevertheless, said it was committed to the project and to working with the surrounding community as well as following all state and regulatory assessment requirements.
The company noted that Crib Point will be a safe and environmentally responsible project that will provide a secure gas supply for Victorians.
It is reported that the government’s move is in response to protests from the community surrounding the Western Port location.
AGL’s plan includes building a jetty to accommodate a regasification vessel plus a gas pipeline to hook into the Victorian gas grid.
The Victorian Planning Minister Richard Wynne said it was critical to assess the impacts of the project to protect the community and the environment.
Exact details of the review have not yet been released, but they are expected to include the impact of the floating storage and regasification unit on the internationally recognized wetlands region around the proposed jetty and pipeline route.
Crib Point is the former site of BP’s Victorian refinery.
The Victorian Labor government is heading into a state election on Nov. 24.