AIE Ownership Change
AIE today announced a new partnership arrangement to carry development of the Port Kembla Gas Terminal forward.
AIE was originally formed in 2018 as a consortium comprised of Squadron Energy and Japanese companies Marubeni Corporation and JERA Co.,Inc.
Under the new arrangement Squadron Energy has moved to 100% ownership and operatorship of AIE, having acquired the Marubeni and JERA interests in the Project.
Squadron is committed to the expedited development of the PKGT with the objective of having the capacity to supply more than 70% of NSW gas needs by late 2022.