Andrew Forrest’s import project in NSW is looking for support to bring customers on board, says Eva Hanly, the chief of his private energy company.
Andrew Forrest’s LNG import venture in NSW will seek federal and state government help to bring customers on board as it seeks to lock in a floating LNG terminal that is being eyed by rivals in Germany, says the new CEO of the iron ore billionaire’s private energy company.
, which will have the capacity to supply up to 30 per cent of the combined gas needs of NSW and Victoria. With floating LNG import vessels in short supply as Europe seeks alternatives to Russian gas, failing to lock in the ship could delay the commencement of gas imports through Port Kembla from the end-2023 target by about two years, sources suggest.“It’s a shame, because ... it’s a wonderful example of a transition project that can help NSW and Victoria with immediate supply issues, but that doesn’t create long-term dependence on fossil fuels,” Ms Hanly said.
Ms Hanly, who has more than 20 years’ experience in infrastructure with groups including Transurban, Origin Energy and WorleyParsons, will also be on the lookout for further investments in decarbonisation for Squadron.
Ms Hanly said she would have “a two-track focus”, involving both delivering existing projects in the Squadron portfolio safely, on schedule and budget, but also seeking other “high-impact” projects to support rapid decarbonisation. She described the Sun Cable project, which involves a proposed a huge solar farm in the Northern Territory and a 4200-kilometre power cable to export clean electricity to Singapore, as “visionary” and “exactly the sort of ... game-changing project that Australia needs to be doing”.