The West Australian reported Mr McGowan announced the funding with an offer of land at the LNG2019 conference in Shanghai, China last week, with the facility to be backed by a consortium of Chevron, Shell, Hyundai Heavy Industries, the University of WA and National Energy Resources Australia.
The LNG Futures Facility would have a capacity of 10 t of LNG/day and would be used to provide a cleaner source of energy and counter cheap gas from the US.
“This is a major investment to further position WA as a global LNG hub,” said Mr McGowan.
The WA government’s commitment will be $10 million over 10 years, with the entire plant expected to cost $30 million.
If the project also gains federal funding, construction is will begin in the middle of 2020 and take up to 18 months to complete.
Mr McGowan is in Shanghai to promote the state’s plan to establish itself as a world-renowned hub for the LNG industry, with the resource already WA’s second most valuable commodity.
“I want to harness each and every job opportunity the LNG industry can provide WA,” said McGowan said.
“My message to industry is clear; WA is ready and able to take the next step as a global energy hub and the LNG industry should choose WA as their place of investment, so they can leverage off our state’s unique advantages.”
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