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State’s first gas import terminal

The New South Wales government has approved plans for the state’s first liquified natural gas (LNG) terminal.

The $250 million gas import terminal will be built in Port Kembla and is expected to meet the state’s gas needs.

One of the joint-venture partners Squadron Energy CEO Stuart Johnston tells Ross Greenwood imported gas is required because Australian local supply basins are getting old.

“There is a natural decline in the availability of gas from those fields.

“All gas is good gas.

“It will come from internationally, where we can source the cheapest possible gas.”

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