Viva Energy’s Geelong gas terminal project facing delays

Viva Energy refinery with ships in the foreground (vitol)
Image: Viva Energy

Australian oil refiner Viva Energy says the final investment decision for its Geelong gas terminal project could be delayed as Victoria’s Planning Minister Sonya Kilkenny has requested more information about the environmental and cultural heritage impacts of the project.

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Minister Kilkenny requested Viva Energy submit a supplementary statement to assist in her decision as to whether the proposed project can be approved. Specifically, the Minister is seeking additional information with respect to matters relating to the marine environment, air quality, noise, and Aboriginal cultural heritage.

Viva Energy is currently assessing the requested supplemental process, together with the report of the Independent Advisory Committee (IAC). The IAC report follows the completion of the extensive Environmental Effects Statement (EES) process. That process required detailed review by government and the relevant regulatory agencies of the scope and studies necessary to develop the EES, to ensure the adequacy of the submission for its review and assessment.

“Viva Energy will review the supplemental process and the IAC report to determine next steps, including to assess the likely impact to timing for the project; noting that the timeframe to Final Investment Decision (FID) for the project is expected to be delayed,” the company said in a statement.

“The company remains confident about the long-term demand profile underpinning the project, given the regulatory forecasts that indicate a need for gas imports to supply Victoria’s natural gas supply in the coming years.

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“Viva Energy also remains focused on developing its other projects at the Geelong Energy Hub, including its Hydrogen Refuelling Project, Diesel Storage, Ultra Low Sulphur Gasoline (ULSG) production at the Refinery and solar energy generation.”

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