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Vopak eyes 2026 for first imports into Avalon gas terminal

The Dutch terminals and tanks giant developing an LNG import terminal in Victoria says it is hopeful it can bring in gas from 2026 as it seeks to capitalise on tight East Coast markets and elevated pricing.

Victoria has set a target of having renewable energy provide 95 per cent of its needs by 2035 but faces an expected gas shortfall as soon as 2026, alarming manufacturers and threatening to underpin a surge in costs.

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Colin Packham is an energy and resources reporter at The Australian Financial Review Connect with Colin on Twitter.

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    Original URL: https://www.afr.com/companies/energy/vopak-eyes-2026-for-first-imports-into-geelong-gas-terminal-20230519-p5d9pu