LNG

AGL Energy planning LNG terminal in southeast Australia

Australian power and gas retailer AGL Energy plans to build an LNG terminal in southeastern Australia to help alleviate the gas supply shortage in the region.
By Staff reporter 9 February 2017 0 23919

Australia’s second-largest power and gas retailer AGL Energy is progressing with plans to build an LNG terminal in southeastern Australia to help alleviate the gas supply shortage in the region, according to World LNG News.

The country is shipping large volumes of LNG abroad while moratoriums on onshore gas development are creating supply shortages and raising prices.

The company is considering investing up to $300 million to build a floating or onshore LNG terminal to supply retail markets in New South Wales, Victoria and South...