Hello Pieridae, Are you watching? Another LNG project bites the-damning-environmental-report dust

Australian liquefied natural gas import project cancelled, AGL scraps Crib Point import scheme after damning environmental report by Amanda Battersby in Singapore, May 4, 2021, Upstream online

Australia’s AGL Energy has pulled the plug on its planned liquefied natural gas import project at Crib Point in Victoria, Australia.

Development of the proposed LNG import jetty project has ceased with immediate effect, AGL confirmed on Monday.

The decision follows the 30 March determination by Victoria’s Minister for Planning that the project would have unacceptable environmental effects.

The Sydney-based company had considered sites in the states of New South Wales, Victoria and Queensland before deciding on Crib Point (Western Port), where there is an existing jetty, for its touted maximum 2.5 million tonnes per annum project based on a floating storage and regasification unit.

AGL said it takes its environmental obligations seriously and works to ensure it meets all regulatory requirements and engages with the communities where it operates, so as to respond to their concerns.

“From the outset, AGL recognised both the opportunity of the site at Crib Point and the environmental standards we needed to meet in a location of this kind,” said AGL.

“We presented a scientifically sound case, backed by experts, which demonstrated that the potential environmental effects were manageable. [However], AGL acknowledges the IAC (Inquiry & Advisory Committee) findings and minister’s determination.”

The company said that engagement with the community and relevant parties had been integral to this process and AGL thanked those involved for their participation.

ExxonMobil also axed import plan

US supermajor ExxonMobil two years ago shelved plans to build an LNG import terminal in Victoria after failing to secure enough customers for the project.

… AGL said it has “a highly flexible gas portfolio and a supply strategy”, which will enable customer demand to be met from existing and new domestic supply sources and proposed third party regasification projects, leveraging LNG supply options developed for the Crib Point gas import terminal project.

The company had previously estimated total committed or incurred expenditure of A$130 million (US$100.3 million), of which A$22 million has already been expensed.

As a result, AGL expects to recognise a pre-tax loss of up to A$108 million as a significant item in its 2021 financial year statements.

** Refer also to:

Wood MacKenzie: No US LNG export projects expected in 2021, making it second year in a row facilities don’t get built as sponsors struggle to secure long-term contracts, Some projects may die

Is Pieridae going to threaten to SLAPP the Chronicle Herald too, for reporting on *public* information vital to the *public* interest?

“Bad Corporate Citizen” Pieridae, after demanding nearly $1Billion of public’s money (during a pandemic no less) while promoting dubious Goldboro LNG in Nova Scotia, now threatens legal action to silence concerned citizens. Bradley Toms: “If there’s one way to show you’ve got bad intentions it’s threatening a SLAPP lawsuit against people who are just repeating things that you’ve said.”

“Polluter” Shell & “Penny Stock” Pieridae to retry their sour gas marriage, coached by AER, funded by “Loser” AIMCo. Stewart Shields: “Alberta Conservative gov’ts becoming recognized as the worst petroleum managers in the free world—as this story by the famous Andrew Nikiforuk describes so pointedly!!”

Look out Albertans whose pensions Kenney gave to AIMCo. Crazy Days in Alberta: The Poison Wells File. The province let oil and gas firms create a $100-billion disaster. New example? Shell Pieridae Briko Ikkuma Alberta Foothills Sour Gas Marriage financed by AIMCo and about $10Billion in liabilities.

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