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Lease for PKGT site signed

AIE has signed a long-term lease agreement with NSW Ports for the site of the PKGT at Berth 101 in Port Kembla’s Inner Harbour.

AIE will immediately start a site handover process, paving the way for construction works to commence and putting the PKGT on track to supply more than 75% of NSW’s gas needs by the end of 2022.

Squadron Energy CEO, Stuart Johnston, said the agreement with NSW Ports further clears the way for agreements between AIE and future gas supply customers to be completed in the coming months.

“We have long recognised Port Kembla as the best site for this critical gas project and with the lease for the terminal now agreed, commercial arrangements around future supply contracts can be accelerated with confidence,” Mr Johnston said.

See our joint media release with NSW Ports for more information.

Photo credit: Colin Douch

© Australian Industrial Energy 2020