Venice Energy has secured a commercial agreement with AG&P LNG that guarantees the Outer Harbor project will receive the converted floating storage regasification unit (FSRU).
The deal guarantees the Adelaide project will receive the converted FSRU at “an improved cost and in a timely manner”.
Stage 1 enabling works have been completed and it is ‘shovel ready’.
John Nicholson, Venice Regas CEO, said the works includes a significant dewatering of large-scale dredge ponds, which was a particular challenge during December following record rainfall in excess of 100mm.
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