Transborders Joins Forces with Osaka Gas

Laxman Pai
Tuesday, September 17, 2019

Perth-based Transborders Energy has signed a memorandum of understanding (MoU) for collaboration with Japan's Osaka Gas.

The  MOU will facilitate information and knowledge sharing for both companies to evaluate projects that could commercialize stranded offshore gas resources based on Transborders’ FLNG Solution.

Transborders’ FLNG Solution provides a pre-engineered one point three (1.3) million tonne per annum floating LNG facility with a package of streamlined commercial arrangements and a robust regulatory approval execution plan to gas resource owners.

Transborders’ Chairman Jack Sato says, “Osaka Gas’s capabilities in the LNG business are world class. We look forward to seeking insights and support from Osaka Gas to strengthen the development of our venture.”

Transborders is currently conducting Pre-FEED work and pre-negotiation of key commercial terms for its FLNG Solution. By the end of 2019, Transborders will be in a position to convert a range of stranded gas resources into ‘project sanction (FID) ready’ state within 24 months after the FLNG Solution deployment, while also allowing LNG buyers access to competitive LNG supply sources.

Transborders will deploy its FLNG Solution with its strategic partners Kyushu Electric Power, other world class LNG buyers, TechnipFMC and Add Energy.

Transborders’ FLNG Solution development work is also designated as a “Major Project” from the Australian Federal Government.

Categories: LNG FLNG

Related Stories

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Keel Laying for Wind Flyer Trimaran Crew Boat

Keel Laying for Wind Flyer Trimaran Crew Boat

MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job

MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job

Woodside Inks Long-Term LNG Supply Deal with China Resources

Woodside Inks Long-Term LNG Supply Deal with China Resources

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way

Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way

CNOOC Starts Production at Offshore Oil Filed Equipped with CCUS Tech

CNOOC Starts Production at Offshore Oil Filed Equipped with CCUS Tech

Petronas Preps for Sabah-Sarawak Gas Pipeline Decom Op

Petronas Preps for Sabah-Sarawak Gas Pipeline Decom Op

European LNG Imports Up with Asian Influx

European LNG Imports Up with Asian Influx

Current News

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

TMC Books Compressors Orders for FPSO and LNG Vessels

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com