Supply & Demand

PNG LNG could supply AGL’s FSRU – analyst

AGL’s plans for an FSRU could see Australia’s east coast receiving LNG from Papua New Guinea AGL’s plans for an FSRU could see Australia’s east coast receiving LNG from Papua New Guinea.
By Sally Bogle 16 February 2018 0 29614
Loading a cargo at PNG LNG. Loading a cargo at PNG LNG. (Santos)

Papua New Guinea may re-emerge as a supplier of gas to Australia’s tightening east coast market, this time via Australian utility AGL Energy’s planned import facility in Victoria, a senior analyst from Deutsche Bank said on Thursday.

As a stakeholder in gas projects in Papua New Guinea, AGL was involved in the A$7 billion (US$5.6 billion) plan to build a pipeline from PNG to Australia. However, construction work was suspended at the end of January 2007 after AGL ran into financial difficulties. The company also found...