Andrew 'Twiggy' Forrest's Energy Company AIE Signs Lease For Port Kembla Gas Terminal

Just a few months after Santos won planning approval for a multi-billion-dollar Narrabri coal seam gas project, Australian mining magnate Andrew "Twiggy" Forrest is speeding up plans for a floating gas import terminal at Port Kembla.

Squadron Energy, part of Mr Forrest's Tattarang group, has sole ownership of Australian Industrial Energy (AIE) and has announced it had signed a 25-year lease with NSW Ports, with construction work on the wharf underway.

Squadron Energy chief executive Stuart Johnston said the project, worth $250 million, could deliver 75 per cent of NSW gas needs by the end of 2022.

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