{"id":25303,"date":"2021-03-19T11:25:39","date_gmt":"2021-03-19T10:25:39","guid":{"rendered":"https:\/\/www.stocexpo.com\/?p=25303"},"modified":"2021-03-19T11:26:22","modified_gmt":"2021-03-19T10:26:22","slug":"vopak-joins-queue-to-build-lng-import-terminal-in-australia","status":"publish","type":"post","link":"https:\/\/www.stocexpo.com\/en\/2021\/03\/19\/vopak-joins-queue-to-build-lng-import-terminal-in-australia\/","title":{"rendered":"Vopak joins queue to build LNG import terminal in Australia"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"25303\" class=\"elementor elementor-25303\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d73fcfa elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d73fcfa\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-31a66287\" data-id=\"31a66287\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-11d5ab4b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"11d5ab4b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5858ddde\" data-id=\"5858ddde\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ffa221b elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"7ffa221b\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Vopak joins queue to build LNG import terminal in Australia<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-464db08e elementor-align-left elementor-widget elementor-widget-post-info\" data-id=\"464db08e\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-7a16641 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>19\/03\/2021<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59f89fbb elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"59f89fbb\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-163056b9 elementor-widget elementor-widget-text-editor\" data-id=\"163056b9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"lead\"><div class=\"entry-content no-share\"><div class=\"content-inner \"><div class=\"story-block\"><p>MELBOURNE: Dutch oil storage company Vopak wants to build an\u00a0<a href=\"https:\/\/energy.economictimes.indiatimes.com\/tag\/lng\">LNG<\/a>\u00a0import terminal in Australia&#8217;s\u00a0<a href=\"https:\/\/energy.economictimes.indiatimes.com\/tag\/victoria+state\">Victoria state<\/a>, vying with five other proposed\u00a0<a href=\"https:\/\/energy.economictimes.indiatimes.com\/tag\/projects\">projects<\/a>\u00a0to fill a looming gas supply gap in the country&#8217;s southeast.<\/p><p>Vopak said it wants to dock a floating storage and regasification unit (FSRU) in Port Phillip Bay near Melbourne. It hopes to submit a proposal to the\u00a0<a href=\"https:\/\/energy.economictimes.indiatimes.com\/tag\/victoria+state+government\">Victoria state government<\/a>\u00a0in the third quarter of 2021.<\/p><p>It aims to have first imports after 2024, when the market is expected to face a gas shortfall as the ageing fields that have long supplied the state&#8217;s needs are rapidly drying up.<span style=\"font-size: 15px\">\u00a0<\/span><\/p><p>&#8220;We would like to have the facility operational before\u00a0<a href=\"https:\/\/energy.economictimes.indiatimes.com\/tag\/victoria\">Victoria<\/a>\u00a0is expected to be facing substantive gas shortages,&#8221; Vopak Australia Managing Director Fulco van Geuns said in a statement.<\/p><p>Vopak expects the terminal to be able to import up to 50 LNG cargoes annually, with an open access model providing services to LNG suppliers and gas market customers.<\/p><p>&#8220;Expectations are that any LNG terminal would need to act as a peak shaver for winter demand in the near term, depending on the profile of decline of domestic gas production in southeast Australia,&#8221; van Geuns said in emailed comments.<\/p><p>The company has been in talks with potential customers, but did not elaborate due to confidentiality agreements.<\/p><p>Vopak chose Victoria despite two other projects seeking approval in the state &#8211; one by top energy retailer AGL Energy and the other by Viva Energy which has a dock at Geelong, not far from Vopak&#8217;s planned site.<\/p><p>&#8220;With reducing domestic gas and the current pipeline capacity from Queensland domestic gas supply sources, Vopak believe that an import terminal makes most sense to be positioned in Victoria,&#8221; van Geuns said.<\/p><p>AGL is awaiting a final decision from the state government on its A$250 million ($193 million) project within the next few weeks, following an extended environmental review.<\/p><p>Source: <a 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href=\"https:\/\/www.instagram.com\/stocexpo_tankstorage_events\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Instagram<\/span>\n\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fab fa-instagram\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>MELBOURNE: Dutch oil storage company Vopak wants to build an\u00a0LNG\u00a0import terminal in Australia&#8217;s\u00a0Victoria state, vying with five other proposed\u00a0projects\u00a0to fill a looming gas supply gap in the country&#8217;s southeast. Vopak said it wants to dock a floating storage and regasification unit (FSRU) in Port Phillip Bay near Melbourne. It hopes to submit a proposal to [&hellip;]<\/p>\n","protected":false},"author":85,"featured_media":20139,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Vopak joins queue to build LNG import terminal in Australia | StocExpo ","_seopress_titles_desc":"Vopak joins queue to build LNG import terminal in Australia. Find out more here, and catch-up with the latest industry news with StocExpo.","_seopress_robots_index":"","footnotes":""},"categories":[322,268],"tags":[],"edition":[],"class_list":["post-25303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage","category-in-the-news"],"_links":{"self":[{"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/posts\/25303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/users\/85"}],"replies":[{"embeddable":true,"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/comments?post=25303"}],"version-history":[{"count":0,"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/posts\/25303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/media\/20139"}],"wp:attachment":[{"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/media?parent=25303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/categories?post=25303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/tags?post=25303"},{"taxonomy":"edition","embeddable":true,"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/edition?post=25303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}