AGL import terminal gets green light

AGL Energy is pushing ahead with a planned LNG import terminal despite competition from other projects, according to AGL CEO Andy Vesney.

The Australian Financial Review reported Mr Vesney said “everything looks very positive”regarding the company’s proposed $250 million Victorian LNG import terminal, with a green light on the project only “months away”.

AGL is not the only company looking to build an import terminal in the near-future, with Santos and an Andrew “Twiggy” Forrest led consortium both looking to try their hand at east coast LNG projects.

Despite the competition, Mr Vesney believes AGL will press on saying “there’s some level of validation in terms of the strategy that it’s become such an interesting and crowded field.”

AGL is aiming to begin importing gas in 2-3 years; however, the company is yet to get development approvals in Victoria.

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