AGL Energy confirms site for gas import jetty and pipeline in Victoria
Australia-based energy products and services provider AGL Energy has selected a site for a gas import jetty and pipeline in Victoria.
Crib Point (Western Port) in Victoria came up as the preferred site for the project, which is expected to enhance energy security and meet supply demand in South Eastern Australia.
It is set to leverage the existing pipeline network, industrial port facility and associated infrastructure in the region.
The company is currently engaged in feasibility studies on the proposed site, engaging with respective stakeholders.
AGL Energy Wholesale Markets executive general manager Richard Wrightson said: “We look forward to ongoing consultation with the local community to answer their questions and proceed towards a formal application to the Victorian Government.
“This project will enable access to the world market for gas, injecting some much-needed competition into the Australian market and help ease the tight gas supply.”
AGL intends to invest around A$250m ($197m) in the project, with construction expected to begin in 2019, while the terminal is scheduled to become operational by 2021.
The company is planning to reduce the dependence on carbon as an energy source.
Wrightson added: “Our strong balance sheet allows us to take a long-term view and invest our profits into renewable energy and strategic projects such as the gas import jetty and pipeline, which will help underpin a more secure energy supply for Australia and has the potential, if required, to supply all of Victoria’s household and business customer gas needs."