Venice Energy’s LNG import terminal, located in the Outer Harbour of Port Adelaide, has made significant progress by securing all primary government approvals and completing the first stage of enabling works. When fully operational, this terminal will stand out as one of the world’s first to use 100% renewable energy for its own operations, reflecting a strong commitment to sustainability. Following an extensive eight-month market sounding process, Venice Energy has received offers from two international companies with considerable expertise in energy infrastructure. The company, which is based in South Australia, is now ready to move forward with negotiations, having established a project framework that includes a Term Sheet, a draft Joint Development Agreement, and documented progress with key LNG off-take customers. According to Venice Energy Chair Kym Winter-Dewhirst, these steps set the stage for finalizing a partnership to advance the terminal project. The project's ultimate success hinges on finding a partner with the right skills, proven track record, and crucially, the financial strength to support the terminal's delivery. Earlier this year, they anticipated making a Final Investment Decision (FID) in the latter half of 2024, which would enable the next phase of the project to kick off around October or November.