Viva Signs LNG Pier Infrastructure Agreement
08.04.2022 By Ella Keskin - NEWS

August 04, 2022 [TankStorageMag] – Viva Energy has signed commercial agreements with Geelong Port for the construction of pier and berthing infrastructure for its proposed LNG import terminal at its Geelong refinery in Australia.

 

Geelong Port will extend the existing refinery pier to provide an additional berth for a permanent floating storage and regasification unit (FSRU) to receive LNG imports. The extended pier will be licensed to Viva, which will then construct related gas infrastructure including a pipeline and treatment facility so that the gas can be supplied into the gas network

Viva announced that it was considering establishing an LNG import, supply and storage facility at Geelong in June 2020 and in December 2020 entered into memoranda of understanding (MoU) with two consortia for its development. The facility is expected to meet gas requirements for Victoria and southeast Australia as local production declines and demand increases as a result of the transition away from more polluting energy sources like coal and crude oil.

Viva Energy CEO Scott Wyatt says that the agreement is an important milestone in the terminal’s development.

‘Viva Energy has an almost 70-year history of operations in Geelong, is the largest shipper within the Port of Geelong accounting for over 50% of total port volumes, and is an important and longstanding customer of GeelongPort. We look forward to continuing this relationship, and working with the Port to complete this important new piece of Victoria’s energy infrastructure,’ he adds.

The agreement is still subject to a final investment decision (FID) on the project and environmental approvals.

 


Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Explainer: Europe Set to Import Banned Russian Diesel Without Knowing
12.08.2022 - NEWS
December 8, 2022 [Reuters] – European motorists could find Russian diesel in their tanks ev... Read More
Crude Oil Price Forecast – Crude Oil Markets Balance
12.08.2022 - NEWS
December 6, 2022 [FXEmpire] – Crude oil markets have initially fallen during the trading se... Read More
UAE 9-Month Non-Oil Trade Soars 19% to $435.6bn
12.08.2022 - NEWS
December 6, 2022 [TradeArabia] – The UAE’s foreign non-oil trade created another record i... Read More
WTI Falls Despite Crude Draw As Product Inventories Soar
12.08.2022 - NEWS
December 8, 2022 [OilPrice.com] – Crude oil prices fell slightly today after the U.S. Energ... Read More