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Victoria Grants Conditional Approval to Viva Energy’s Corio Bay Gas Terminal

Securing project funding followed by final regulatory sign-offs would allow the terminal to deliver up to 160 petajoules of gas annually

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Overview

  • The Victorian government’s conditional approval on May 29 enables Viva Energy to advance finance arrangements and complete outstanding permits for its LNG import terminal.
  • The planned facility will feature a storage and regasification unit, an extended pier and a seven-kilometre pipeline linking to Lara’s network.
  • Federal Resources Minister Madeleine King has initiated a review of Queensland’s LNG export controls to bolster supply for the eastern seaboard as Bass Strait fields wane.
  • Industry groups hail the terminal as a rapid remedy for looming winter shortages, while environmental advocates and locals warn it could entrench fossil-fuel reliance and harm coastal areas.
  • Parallel proposals at Port Kembla, Port Phillip Bay and Port Adelaide signal a broader strategy to ramp up gas inputs in support of Australia’s energy transition.