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 contract, the Spanish multinational’s first in Oceania, will have an initial duration of five years with an option for Squadron Energy to extend for a further 3 years.
The plant, considered a top-tier model in floating storage and regasification terminals (FSRUs), will be connected to the transmission network to cover up to 70% of eastern gas market demand and meet consumption peaks.
The FSRU can store 170,000 cubic metres of liquefied natural gas (LNG) and the terminal has a regasification capacity of 130 Pjs (petajoules) per year, equivalent to a maximum of 3.61 bcma (billion cubic metres per annum). The aim of this strategic infrastructure is to support domestic gas supply, strengthen security of supply and support the country’s energy transition.
The project entrusted to Reganosa Servicios by Squadron Energy involves the comprehensive management of the complex’s onshore facilities: measuring station, control room, auxiliary systems and equipment associated with docking and gas transfer. The terminal is connected by a 12-kilometre, 18-inch diameter gas pipeline.
This appointment firms up the Port Kembla regasification terminal as the best solution to the looming gas shortage on Australia’s east coast. This partnership with Reganosa is a significant milestone for Australia’s energy future. By bringing together global expertise and local commitment, we’re ensuring reliable gas supply for the eastern market while laying the groundwork for a flexible, competitive, and sustainable energy system.
For Reganosa, its accumulated experience in Asia and the flexibility of its operating model have been key factors in entering the Australian market and supporting Squadron Energy, thus reinforcing its regional expansion strategy. In this way, the company will contribute to strengthening security of supply in the area and will consolidate its role as a global leader in energy infrastructure management.
About Squadron Energy
Squadron Energy is Australia’s leading renewable energy company that develops, operates and owns renewable energy assets in Australia. We are 100% Australian owned and committed to leaving a lasting legacy for the communities where we operate. We have 2 gigawatts (GW) of renewable energy in operation and under construction.
About Reganosa
Reganosa is a global energy company based in Spain that focuses on improving the well-being of society and the competitiveness of businesses, mainly through economically, socially and environmentally sustainable energy infrastructures and solutions. The company is part of a group that operates or oversees assets essential to security of supply across five continents. It is a global leader in energy infrastructure management, owns and operates the liquefied natural gas terminal in Galicia (in Mugardos, A Coruña), and owns 25 % of the Musel E-Hub in Gijón (Asturias). It also promotes projects in energy storage, renewables, the circular economy, green hydrogen, energy efficiency and digitalisation.
