Port Kembla $250M gas terminal wins state planning approval

The NSW government has given the green light to a $250 million gas terminal at Port Kembla near Wollongong, which could lower the state’s gas prices.

Port Kembla gas terminal wins state planning approval.

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The NSW government has given the green light to a $250 million gas terminal at Port Kembla, which could lower the state’s gas prices.

The new terminal is expected to create 150 jobs during construction and 50 jobs once operational, with the government declaring it will ease the living pressures for people right across the state.

The terminal — which has the backing of billionaire Andrew Forrest — will see the construction of a new berth, accommodating liquefied national gas carriers.

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A floating gas handling facility will also be constructed as well as wharf infrastructure and a pipeline integrating with the east coast gas network.

Deputy Premier John Barilaro said the new terminal could potentially help lower gas bills for NSW residents.

“This terminal will make the state of NSW more self-sufficient when it comes to energy, and will create greater access to the global gas market,” he said.

NSW Deputy Premier John Barilaro speaking with media. Picture: Paul Braven

The Port Kembla Gas Terminal could supply more than 70 per cent of NSW’s natural gas needs and now approval has been granted, is on track to deliver first gas to customers in late 2020.

In June 2018, the NSW Government declared the proposal CSSI because of its importance

to NSW’s future security and reliability of gas supply.

The project will be completed by Australian Industrial Energy, which has partnership with Mr Forrest’s gas business Squadron Energy.