The Illawarra Business Chamber has welcomed the announcement by the Australian Industrial Energy consortium that Port Kembla has been selected as the site for NSW’s first-ever liquefied natural gas (LNG) import terminal.
Following its completion in early 2020, the project will have the capacity to deliver 70 percent of the state’s total gas needs and contribute to greater energy security for businesses across NSW.
Illawarra Business Chamber Executive Director Adam Zarth claimed this as a win for the Illawarra economy, and consumers and businesses across the state.
“As a business community we have advocated strongly for this, so it is fantastic to have confirmation that this $250 million capital investment is being made at Port Kembla, which will see the creation of up to 150 jobs during construction and up to 50 ongoing positions,” said Mr Zarth.
“When both the LNG import terminal together with the planned gas-fired power station come online, it will put downward pressure on gas and electricity prices that will address a growing concern among business across NSW.
“This project will provide significant relief for the 15,000 businesses in the Illawarra that rely on gas for their energy requirements.”
“Leveraging the cost benefits and inherent advantages of the region, and the utility of Port Kembla in particular, is a smart move and we hope to see similar decisions from businesses to invest in the Illawarra into the future.”
“The NSW Government should also be commended for facilitating a reasonable process which has culminated in the right decision for the state.”