LNG

Nov 6 (LNGJ) - Epik Co, a South Korea-based liquefied natural gas project company, said it had appointed Australia and New Zealand Banking Group (ANZ) to serve as its financial adviser for the Port of Newcastle GasDock LNG import terminal venture in New South Wales.

   ANZ will provide debt and equity services for Epik’s project involving the deployment of a Korean-built floating storage and regasification unit and onshore infrastructure. A final investment decision is expected in mid-2020. The Korean regasification project is the second proposed for the state of New South Wales with another venture planned for Port Kembla, south of Sydney, and supported by Japanese companies.

A South Korea-based liquefied natural gas project company has signed an agreement with Australian building contractors Watpac Ltd for the design and construction of the onshore infrastructure for the LNG import facility planned for the Australian port of Newcastle in the state of New South Wales.

A South Korea-based liquefied natural gas project company has signed a development agreement with the Australian port of Newcastle, north of Sydney, to commence preliminary works on a proposed LNG import terminal using a floating storage and regasification unit.