The CPPP is estimated to cost between $160 and $200 million, with the transaction still subject to a final investment decision (FID) from AGL on the development of a LNG floating storage regasification unit (FSRU) and related offshore facilities.
The CPPP would be approximately 60 km and have a capacity of at least 550TJ/d, connecting AGL’s proposed FSRU at Crib Point, located on Western Port Bay in Victoria, into APA’s East Coast Grid via the Victorian Transmission System.
“It’s been very pleasing to work with AGL as its pipeline partner on this pioneering project,”? said APA Managing Director Mick McCormack.
“I’ve said for some time now that the East Coast gas issues are about a lack of affordable gas supply, and this innovative solution championed and progressed by AGL certainly goes towards injecting a flexible source of new gas supply into the tight domestic market in eastern Australia.”?
If AGL decides to proceed with the project, first gas delivery to the domestic market is expected by FY2021.