AGL’s LNG import plans progressing

AGL Energy is moving forward with its plans to build a LNG import terminal in south eastern Australia to combat a potential gas shortage in the region.

The feasibility study for the import terminal is well underway and AGL expect to select the terminal site around mid-2017.

AGL expects the potential development to cost between $200 – 300 million, and is already investing $17 million to ready the project for a final investment decision in 2018-19.

A number of sites have reportedly already been identified and AGL believes the terminal could be available by 2021.

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