Our History

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.

Our Story

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.

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1988

Iona Gas Field discovered
Iona 1 drilled

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1992

Iona 1 completed for production through NPPS

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1994

Iona 2 completed for production through NPPS

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1998

Esso’s Longford Gas Plant extended outage

Commenced Iona conversion to gas storage facility

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1999

Commenced gas production operations into SWP

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2000

Commenced gas storage operations

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2003

Connected to SEAgas Pipeline

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2004

Moomba Gas Plant extended outage

(Iona main source of gas supply to SA)

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2006

Commenced Casino gas processing through Train 1

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2009

Commenced gas storage operations at Wallaby Creek and North Paaratte fields

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2010

Redevelopment increases withdrawal, processing and storage. Iona – Otway Gas Plant pipeline connected. Addition of Train 2 increases processing capacity

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2013

Connected to Mortlake Pipeline

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2015

Storage capacity increased to 23.5PJ

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2016

Iona purchased by Lochard Energy

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2017

Iona 3 & well workovers

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2018

Drilling of Iona 7