Viva Energy has engaged experienced LNG consultant Poten & Partners to secure a Floating Storage and Regasification Unit (FSRU) for its proposed LNG terminal in Geelong, Australia.

Poten & Partners is casting a wide net, seeking expressions of interest from the global maritime industry to supply an existing FSRU or retrofit an LNG carrier into an FSRU for the terminal.

The new terminal demands a vessel with a substantial capacity between 160,000m³-180,000m³ of gas, capable of delivering up to 750 million standard cubic feet of gas per day.

Viva Energy, a leading Australian energy company with a history spanning more than 120 years, is awaiting regulatory approval for its plans to construct the LNG terminal adjacent to its oil refinery in Geelong.

An environmental impact assessment from the Victorian State Government is anticipated in April this year, setting the stage for Viva Energy to make a Final Investment Decision (FID) by the end of 2025.

If greenlit, the terminal is slated to commence operations in 2028 – in time to address the gas shortfall forecast for Australia’s south-east coast.

The company confirmed negotiations with potential capacity holders are well advanced.

About Viva Energy

Viva Energy (ASX: VEA) is a leading convenience retailer, commercial services and energy infrastructure business, with a history spanning more than 120 years in Australia. The Group operates a convenience and fuel network of almost 900 stores across Australia and supplies fuels and lubricants to a total network of nearly 1,500 service stations.

Viva Energy owns and operates the strategically located Geelong Refinery in Victoria, and operates bulk fuels, aviation, bitumen, marine, chemicals, polymers and lubricants businesses supported by more than 20 terminals and 80 airports and airfields across the country.