AGL has signed the two agreements as part of their proposed gas import jetty project at Crib Point.
The first is a Works, Lease, and Berthing and Jetty Agreement with the Port of Hastings Development Authority.
These works include upgrades to pylons and measures that protect the jetty from damage.
The other agreement is with APA Group and covers construction of the Crib Point to Pakenham pipeline, which will be used to transport imported gas to homes and businesses.
The cost of the pipeline is believed to be around $200 million, and AGL’s terminal about $250 million.
The project itself is still subject to approvals, community consultation and a final investment decision by AGL.
The company is currently carrying out a feasibility study into using the Crib Point Jetty, which has been identified as the best site to minimise local impact.
The site is considered ideal because it has an existing deep water berth that does not require deep dredging and it is a relatively short distance from the Victorian gas network.
AGL gas import jetty