Port Kembla in New South Wales
Australia's LNG import projects encounter buyer apathy
Despite Australia’s first import terminal nearing completion, the prospect of additional regasification projects is far from certain
Australia’s Squadron Energy said on 24 March that its Port Kembla project in New South Wales, which can supply more than 100PJ/yr of gas to the local market, was more than 90% complete. It has been two-and-a-half years since construction began on the project. However, growing complexity within the east coast gas market leaves uncertainty about how and where such developments fit within the energy mix. Indeed, despite Port Kembla’s imminent completion, the project still has not secured any buyers. This lack of demand is perhaps why the project’s FSRU is now en route to Egypt to start an 18-month contract at the port of Ain Sokhna. Delays set in Consultancy Wood Mackenzie revealed on 22 April
Also in this section
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
