Australia’s Squadron Energy’s Port Kembla gas terminal will not begin operations until at least 2027, the company has revealed.
The delay comes despite warnings from the national energy market operator of looming gas shortfalls across southern Australia from 2028.
However, the federal government has said that it had secured gas supplies until 2029.
The New South Wales gas terminal is built, connected and ready to come online but Squadron Energy has delayed the start amid shifting demand forecasts, local media reported.
The Port Kembla Energy terminal, which has been completed and tied into the Eastern Gas Pipeline, will stay in ‘care and maintenance’ mode until mid-2027, after a reassessment of customer needs and updated projections from the Australian Energy Market Operator (AEMO), the company said.
