Viva Energy seeks FSRU supply options for LNG terminal in Geelong, Australia

Viva Energy has engaged LNG consultant Poten and Partners to secure a floating storage and regasification unit (FSRU) for its proposed LNG terminal in Geelong, Australia.

Poten and Partners said it is casting a wide net, seeking expressions of interest from the global maritime industry to supply an existing FSRU or retrofit an LNG carrier into an FSRU for the terminal.

The new terminal requires a vessel with a substantial capacity between 160,000m³-180,000m³ of gas, capable of delivering up to 750 million standard cubic feet of gas per day.

Australia-based Viva Energy is awaiting regulatory approval for its plans to construct the LNG terminal adjacent to its oil refinery in Geelong.

"An environmental impact assessment from the Victorian State Government is anticipated in April this year, setting the stage for Viva Energy to make a final investment decision by the end of 2025," said Viva.

If greenlit, the terminal is slated to commence operations in 2028 – in time to address the gas shortfall forecast for Australia’s south-east coast.