Venice Energy agrees on Aussie LNG import terminal deal with Origin
Venice Energy agrees on Aussie LNG import terminal deal with Origin
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Natural Gas News
Venice Energy agrees on Aussie LNG import terminal deal with Origin
Summary
Origin will become the sole user of Venice's LNG terminal at Port Adelaide for a minimum of 10 years. by: Shardul Sharma
South Australian energy infrastructure developer Venice Energy has agreed on a structural framework with Origin Energy to import LNG from its Outer Harbor LNG import terminal to be built at...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.