Vopak LNG, which already partners in four liquefied natural gas (LNG) storage facilities globally, is investigating the feasibility of developing a similar facility in Port Phillip Bay offshore at North Avalon, Victoria, Australia. This infrastructure can play an important role in solving Victoria's looming gas supply crisis.

A Floating Storage Regasification Unit (FSRU) terminal can supply the gas needs of households, businesses, and industry throughout Victoria as the nation transitions to renewable energy.

Several existing gas market participants have signed MOU’s in support of the project development.

About Royal Vopak

Royal Vopak is the world’s leading independent tank storage company. We store vital products with care. With over 400 years of history and a focus on sustainability, we ensure safe, clean and efficient storage and handling of bulk liquid products and gases for our customers. By doing so, we enable the delivery of products that are vital to our economy and daily lives, ranging from chemicals, oils, gases and LNG to biofuels and vegoils. We are determined to develop key infrastructure solutions for the world’s changing energy systems, while simultaneously investing in digitalization and innovation. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands.