Australian gas developer, Squadron Energy’s Port Kembla Energy Terminal (PKET) - Australia’s first LNG import terminal - has been completed.
Commissioning of the onshore receiving facility is now underway, which will ensure the functionality of all of the import terminal’s equipment, including the control system, marine loading arms and fire system.
Squadron Energy Executive General Manager, Operations, Stuart Davis, said that completing PKET’s construction was a significant milestone and a testament to the hard work and commitment of the many teams working together to deliver the project.
“This is a huge achievement for our team and a significant milestone - PKET is the only solution capable of resolving Australia’s looming domestic gas shortage by guaranteeing supply.
“The terminal is now getting ready to support domestic gas supply, without the need for new gas fields in Australia, which will be critical, as we transition to renewable energy.
“It will address NSW and Victoria’s electricity challenges by providing gas for peaking power generation, ensuring reliability and stability in the energy market,” he said.
Located on Dharawal land, in Port Kembla’s Inner Harbour, the project has supported about 200 jobs during construction and injected $27 mill into the regional economy.
The terminal has the capacity to supply 500 TJ a day - enough to meet all of NSW’s gas needs on a peak day or half of Victoria’s peak day demand.
Building out variable renewable energy generation, backed up by batteries and flexible gas, will deliver the lowest-cost new build energy option in time for the retirement of ageing coal power plants, the company said.
