Transborders ties with Asian LNG buyer on FLNG study

Transborders ties with Asian LNG buyer on FLNG studyImage courtesy of Transborders Energy

Perth-based Transborders Energy signed a deal with an unnamed Asian LNG buyer to work together on the development of Transborders’ generic floating LNG (FLNG) solution.

The joint study aims to build the technical and commercial deployability of Transborders’ FLNG solution for a range of discovered but stranded gas resources, the company said in a statement.

The joint study agreement provides for the FLNG solution and consists of completing the FLNG technical pre-front end engineering and design (Pre-FEED) that caters to a range of discovered but stranded gas resources.

It also includes completing negotiation of key terms of major agreements for underpinning the reserve booking as well as facilitating project sanction (FID).

The company added that the involvement of a “major Asian LNG buyer in developing Transborders’ Generic FLNG solution provides significant credibility and the potential for bankability of the future deployment of the solution.”

It is anticipated that the joint study will be completed by early 2019 in order to be marketed to resource owners for the development of their resource.

The facility would be capable of producing around 1.2 million tons of LNG per year.

Transborders is working with Add Energy and TechnipFMC, its technical advisor MODEC in addition to the Asian LNG buyer to progress the development of the project.

 

Share this article

Follow LNG World News

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >