Japan consortium picks Port Kembla as site for Australia LNG import terminal

MELBOURNE (Reuters) - A consortium including Japan’s JERA Co and Marubeni Corp aiming to ship liquefied natural gas (LNG) to Australia’s east coast has chosen a site south of Sydney at Port Kembla for an import terminal, it said.

The Port Kembla terminal would have the capacity to supply more than 100 petajoules per year, sufficient to meet more than 70 percent of New South Wales’ total gas requirements. (MAP SOURCE: EWA)

The project will allow access to a new gas supply for local industries in New South Wales state by 2020, the consortium, Australian Industrial Energy (AIE), said in a statement.

AIE also includes iron ore magnate Andrew Forrest’s Squadron Energy. Top global LNG buyer JERA is a joint venture of Tokyo Electric Power Co and Chubu Electric Power Co.

The Port Kembla terminal would have the capacity to supply more than 100 petajoules per year, sufficient to meet more than 70 percent of New South Wales’ total gas requirements.

Building the terminal is likely to require a capital investment between A$200 million and A$300 million ($152 million and $228 million), AIE said.

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