LNG

Australian Industrial Energy, a company controlled by billionaire businessman Andrew Forrest, has signed a site lease for up to 25 years with New South Wales Ports for the Port Kembla Gas Terminal project to handle LNG shipments and resolve gas shortages in the region.

Cooper Energy, the Australian oil and gas exploration company, is continuing the commissioning of the Orbost gas plant in the southeast state of Victoria from offshore supplies in the Sole gas field of the Gippsland Basin that may limit the needs for future LNG imports to the region.