Australia’s Viva Energy has delayed the final investment decision on its proposed liquefied natural gas import terminal in Victoria, as prospective buyers refuse to sign long-term offtake deals.
According to news outlet The Australian, buyers are hesitant to commit to imported LNG, citing policy uncertainty, questions over future supply, and the risk of locking into multi-year contracts.
Retailers and industrial users have also shifted towards spot purchases, making it difficult for developers to secure the firm commitments needed for FID.
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