Spanish group to run Port Kembla terminal in Australia

Squadron Energy has appointed Reganosa Servicios of Spain to operate and maintain the onshore facilities at the Port Kembla Energy Terminal in New South Wales.

According to Reganosa, the contract, its first in Oceania, had an initial duration of five years with an option for Squadron Energy to extend for a further three years.

Reganosa stated, “After an international selection process, Reganosa Servicios has been chosen by Squadron Energy, Australia’s leading renewable energy company, to operate and maintain the onshore part of the Port Kembla Energy Terminal, in the Australian state of New South Wales.”

The company added, “The FSRU can store 170,000 m³ of liquefied natural gas (LNG) and the terminal has a regasification capacity of 130 petajoules per year, equivalent to a maximum of 3.61Bn cubic metres per annum.”

Reganosa said the project covered comprehensive management of the onshore facilities, including the measuring station, control room, auxiliary systems and equipment associated with docking and gas transfer, with the terminal linked to the network by a 12-km, 18-inch gas pipeline.

In January 2025, Squadron Energy reported it had completed the Port Kembla Energy Terminal, described as Australia’s inaugural LNG import facility, with commissioning of the onshore receiving infrastructure under way to ensure operational readiness.

LNG imports were not scheduled to begin until 2026, in line with forecasts from the Australian Competition and Consumer Commission of gas shortages in the eastern states from that year.

The facility was described as being equipped to supply up to 500 terajoules of gas per day, enough to cover nearly all of New South Wales’ peak daily demand.

The floating storage and regasification unit Höegh Galleon was under long-term charter to Squadron Energy and deployed in the northern hemisphere, with its arrival at Port Kembla aligned with the envisaged 2026 import start date, while the timing of first cargoes depend on market demand, regulatory approvals and the alignment of supply contracts.