Natural Gas Processing & Storage
The Iona Gas Field was first discovered in 1988 and subsequently drilled before being converted into a gas storage facility in 1998. The Iona Gas Plant was officially commissioned and began operations on 6 July 1999.
Lochard Energy was formed in December 2015 following the purchase of the Iona Gas Plant operations from Energy Australia by a QIC led consortium.
Consisting of a natural gas processing and storage facility at Port Campbell in Victoria, Lochard Energy now exists as a standalone midstream energy infrastructure business, complete with an experienced Board and Management Team.
Over the years
The Iona Gas Field was first discovered in 1988 and subsequently drilled before being converted into a gas storage facility in 1998. The Iona facility was officially commissioned and began operations in July 1999.
Iona Gas Field discovered
Iona 1 drilled
Iona 1 completed for production through NPPS
Iona 2 completed for production through NPPS
Esso’s Longford Gas Plant extended outage
Commenced Iona conversion to gas storage facility
Commenced gas production operations into SWP
Commenced gas storage operations
Connected to SEAgas Pipeline
Moomba Gas Plant extended outage
(Iona main source of gas supply to SA)
Commenced Casino gas processing through Train 1
Commenced gas storage operations at Wallaby Creek and North Paaratte fields
Redevelopment increases withdrawal, processing and storage. Iona – Otway Gas Plant pipeline connected. Addition of Train 2 increases processing capacity
Connected to Mortlake Pipeline
Storage capacity increased to 23.5PJ
Iona purchased by Lochard Energy
Iona 3 & well workovers
Drilling of Iona 7