Government tick for $250m Port Kembla gas terminal

The New South Wales government has given a planning approval green light to a $250 million gas terminal project at Port Kembla with NSW Deputy Premier John Barilaro asserting it will help cost of living pressures by lowering gas prices.

The Sydney Morning Herald is reporting the project will be completed by Australian Industrial Energy, which has a partnership with Andrew Forrest’s gas business Squadron Energy.

Squadron Energy chief executive Stuart Johnston said in a statement the project presents a “real opportunity for NSW to take control of its gas supply challenges”.

The project developers will now focus on “closing commercial developments with customers” prior to a final investment decision being announced in the middle of the year, Mr Johnston said.

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