Our History

Learn about the history of Lochard Energy and the Iona Gas Plant

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 midstream energy infrastructure business, complete with an experienced Board of Directors and Leadership 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.

Our History
2024
HUGS expansion commences

Timeline Marker

2022
Phase 4 works and Seamer well completed

Timeline Marker

2021
Project 570 Part A – Iona Gas Plant Upgrades completed

Timeline Marker

2020
Project 570 Part C – Remote Upgrades completed

Timeline Marker

2019
Heytesbury acquisition

Timeline Marker

2018
Drilling of Iona 7

Timeline Marker

2017
Iona 3 & well workovers

Timeline Marker

2016
Iona purchased by Lochard Energy

Timeline Marker

2015
Storage capacity increased to 23.5PJ

Timeline Marker

2013
Connected to Mortlake Pipeline

Timeline Marker

2010
Redevelopment increases withdrawal, processing and storage. Iona – Otway Gas Plant pipeline connected. Addition of Train 2 increases processing capacity

Timeline Marker

2009
Commenced gas storage operations at Wallaby Creek and North Paaratte fields

Timeline Marker

2006
Commenced Casino gas processing through Train 1

Timeline Marker

2004
Moomba Gas Plant extended outage
(Iona main source of gas supply to SA)

Timeline Marker

2003
Connected to SEAgas Pipeline

Timeline Marker

2000
Commenced gas storage operations

Timeline Marker

1999
Commenced gas production operations into SWP

Timeline Marker

1998
Esso’s Longford Gas Plant had an extended Outage
Iona conversion into gas storage facility commenced

Timeline Marker

1994
Iona-2 completed for production through North Paaratte Production Station

Timeline Marker

1992
Iona-1 completed for production through North Paaratte Production Station

Timeline Marker

1988
Iona Gas Field discovered

Timeline Marker