Norway to supply Australia’s first floating LNG import ship

Australian Industrial Energy (AIE) has secured the country's first floating LNG import ship which could help lift pressure on the forecast gas shortage in 2020, reports the Sydney Morning Herald.

Norwegian firm Hoegh LNG - one of the largest global suppliers of floating regasification units - has signed an agreement with AIE to bring a floating import terminal to Port Kembla in New South Wales.

This new agreement puts AIE on the path to have new gas pumping into New South Wales and Victoria in 2020.

The floating terminal will take imported LNG, re-gasify it, and inject it into pipelines that will transport it to the east coast gas network 10 kilometres away.