Transborders to Commercialize Offshore Gas Resources Via Its FLNG Solution

Source: www.gulfoilandgas.com 7/8/2021, Location: Not categorized

Transborders Energy Pty Ltd (“Transborders Energy”) is pleased to announce that its Floating Liquefied Natural Gas (FLNG) Solutions development has secured the Major Project Status (MPS) renewal from the Australian Commonwealth Government.

Major Project Status is the Australian Commonwealth Government’s recognition of the national significance of a project – for economic growth, employment or for regional Australia.

Senator the Hon. Christian Porter, Minister for Industry, Science and Technology has granted MPS renewal on the basis that the project can contribute to the growth of the FLNG industry in Australia. Minister Porter considers this to be a significant project because of the potential to encourage LNG exports and future project development, which offers an opportunity to grow and diversify the Australian economy and contribute to the economic development of regional Western Australia and the Northern Territory. This renewal is a demonstration of the government’s commitment to project.

Transborders Energy Chairman, Jack Sato, stated:

“We are very pleased to be re-awarded the MPS grant. It clearly indicates the Australian Government’s ongoing support for our FLNG Solution development. We will continue progressing our development with a view to offer sustainable and affordable energy during the transition towards a carbon free environment, as well as to provide job opportunity and growth in Australia.”

Together with its strategic partners Kyushu Electric Power, Mitsui O.S.K. Lines, Ltd., Technip Energies, SBM Offshore and Add Energy, Transborders Energy can 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.


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