More gas could become available for east coast buyers after Origin Energy concluded a 90-day performance test at its Australia Pacific LNG plant in Queensland.
During the testing period, the plant achieved high operational performance across all key metrics associated with the test, Origin confirmed.
Running non stop for 90 days, the facility produced on average more than 10 per cent above nameplate capacity with high thermal efficiency and minimal downtime.
All other elements of the project finance completion tests are on track and Australia Pacific LNG expects that formal certification will be provided during the first quarter of FY2018.
“This outstanding result underscores the quality of Australia Pacific LNG’s resources and facilities, and is a credit to our joint venture partners and in particular, all those people who work tirelessly across the downstream and upstream operations,” said Origin CEO Frank Calabria.
“We’re proud of Australia Pacific LNG’s contribution as a major supplier of natural gas to Australia’s east coast, meeting approximately 20 per cent of total annual demand, and in exporting LNG to provide a cleaner source of energy to customers in Asia.”
When the formal certifications are received the remaining US$3.4 billion (A$4.27 billion) of shareholder guarantees relating to Australia Pacific LNG’s US$8.5 billion (A$10.67 billion) project finance facility will be formally released.