en.Wedoany.com Reported - Viva Energy announced on Tuesday via social media that the Victorian environmental regulator EPA has approved the development license for its proposed natural gas terminal, calling it "another important milestone for a project that will help secure Victoria's future natural gas supply."

Viva Energy noted that this approval is a crucial step in advancing the remaining regulatory approvals and securing commitments from customers and stakeholders before construction begins on the terminal. As traditional natural gas sources decline, the project will play a key role in enhancing energy security for Victoria and southeastern Australia by creating a virtual pipeline from LNG export facilities. The company stated that the project will ensure a "reliable" natural gas supply for households, industry, and power generation, especially during peak demand periods.

In April, Viva Energy's proposed Geelong LNG terminal received formal approval under the federal Environment Protection and Biodiversity Conservation Act (EPBC Act). Viva Energy said the Environment Minister's EPBC approval confirms that the proposed LNG terminal can proceed under conditions where environmental impacts are deemed acceptable. Previously, the Victorian government issued a positive assessment of the environmental impact statement for the energy infrastructure project in May last year.

The terminal plans to utilize Floating Storage and Regasification Unit (FSRU) technology. In 2022, Viva Energy entered into a commercial agreement with GeelongPort for the project, including the construction and provision of necessary dock and berth infrastructure for the LNG import terminal. Earlier agreements also involved Woodside and Hoegh LNG (now Hoegh Evi), with Woodside planning to book regasification capacity and Hoegh planning to supply the FSRU for the project.

In March last year, Viva Energy hired LNG consultancy Poten & Partners to procure the FSRU for the project. The new terminal requires a vessel with a capacity between 160,000 and 180,000 cubic meters, capable of delivering up to 750 million standard cubic feet of natural gas per day.

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