Australia’s Venice Energy is close to finalising the long-term charter of an floating storage and regasification unit for an LNG import terminal in the port of Adelaide.

The company said it had signed a heads of agreement and term sheet with the unnamed European LNG shipowner for the FSRU.

“We are beginning negotiations on the fully formed time-charter party agreement which is expected to be concluded in the coming weeks,” Venice Energy managing director Kym Winter-Dewhirst said.