Squadron acquires Port Kembla terminal project
October 20, 2020
Squadron Energy has acquired Marubeni and JERA’s interests in Australian Industrial Energy Pty Ltd (AIE), the vehicle used to develop the Port Kembla LNG import terminal, to become 100% owner and operator of the project. Squadron is committed to the expedited development of the PKGT with the objective of having the capacity to supply more than 70% of New South Wales gas needs by late 2022.
Edited from AIE’s press release