Australia’s Viva Energy is considering establishing an LNG import, supply and storage facility at its Geelong oil refinery.
The company says the facility would receive natural gas from northern parts of Australia and overseas, providing a ‘virtual pipeline’ to increase the diversity of supply and competition, improve the ability to meet peak demand and support entry into local gas markets. It could supply up to 30% of demand in Australia’s southern states, for transport (shipping and heavy vehicles), gas-fired power generation and conversion to hydrogen for pre-renewable early phase production.
The facility will make use of existing port and land-based infrastructure. The scheme involves deepening the channel and building a new fixed pier onto the existing pier, to accommodate a floating storage and regasification unit (FSRU) and LNG tankers.
At present the project is in pre-front-end engineering and design (FEED) stage and Viva says it will launch an expression of interest process with potential partners late in the areas of gas supply, gas demand, power generation and LNG floating storage management later in June 2020.
The plan is part of a wider scheme to turn Geelong into an ‘Energy Hub’ to aid the transition to low carbon energy, support the wider energy needs of southeast Australia and improve the long-term viability of operations at the site.