Venice Energy hires GasLog to find South Australia FSRU

Venice Energy has agreed with GasLog Ltd. to negotiate a charterparty for supply of a 150,000-cu m floating storage and regasification unit (FSRU) as part of Venice’s proposed new LNG import terminal project in Outer Harbor, Port Adelaide, South Australia. Planned regasification capacity is 160 petajoules/year (415 MMcfd).

The company expects government and other approvals in the next few months, followed by an anticipated 12-month construction period from financial close and connection to the state’s gas network by end-2022 to early 2023. Interconnections with the Moomba to Adelaide Pipeline System and South-East Australia Pipeline are within 600 m of the planned terminal site.

Work will include construction of two new wharves in Outer Harbor.

As part of the agreement GasLog will provide a technical support crew to operate the terminal.