News: AGK Australia's AGL picks Victoria for proposed LNG import terminal

MELBOURNE, Aug 10 (Reuters) - AGL Energy (AGL) said on Thursday it had picked Crib Point in the Australian state of Victoria as the preferred site for a proposed liquefied natural gas import terminal, which it estimates will cost A$250 million ($197 million).

"In Victoria, the A$250 million Crib Point LNG jetty will be a potential game changer for AGL and Australian energy consumers, opening up the domestic gas market to international competition and resulting in more competitively priced gas," AGL Chief Executive Andy Vesey told investors at a results briefing. ($1 = 1.2676 Australian dollars)