Port Kembla Lease Secured

Andrew Forrest’s Squadron Energy has taken another step in the development of the Port Kembla gas terminal (PKGT) after inking a 25-year lease with New South Wales Port.

Australian Industrial Energy (AIE), which is part of Squadron Energy, will immediately start a site handover process, paving the way for the new gas terminal construction works to commence.

Construction of the PKGT is forecast to take only 18 to 20 months, putting the project on track to supply more than 75% of New South Wales' gas needs by the end of 2022.

( Image by https://pixabay.com/users/huskyherz-136017/ )