Transborders Signs up MOL on FLNG Solution

October 7, 2019

Image: Transborders Energy
Image: Transborders Energy

Perth-based company Transborders Energy has entered a Joint Study Agreement (JSA) to work with Japan's Mitsui OSK Lines (MOL) to together continue the development of its Floating LNG (FLNG) Solution and to pursue its deployment on a range of stranded offshore gas resource opportunities.

Transborders’ FLNG Solution provides a pre-determined 1.3 MTPA FLNG development concept with a package of streamlined commercial & regulatory approval framework (including LNG buyers) to gas resource owners.  

Transborders’ Chairman Jack Sato says, “We are very pleased to welcome MOL as a strategic partner to our FLNG Solution.  In addition to Kyushu Electric Power Company in Japan, participation of MOL, a world-class major shipping line, will definitely underpin TBE’s business model and strengthen the development of our venture.  Truly a major step forward.”

Upon completion of the Transborders’ FLNG Solution development work at 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 FLNG Solution deployment, while also allowing LNG buyers access to competitive LNG supply sources.

Transborders’ FLNG Solution development work has obtained in March 2018 “Major Project” designation from the Australian Federal Government.



Current News

Keppel Delivers Jackup to Borr Drilling

Keppel Delivers Jackup to Borr Drilling

TechnipFMC Wins EPC Contract from PetroVietnam

TechnipFMC Wins EPC Contract from PetroVietnam

Denmark to Help Vietnam for Offshore Wind

Denmark to Help Vietnam for Offshore Wind

Crown Estate Opens Offshore Wind Round 4

Crown Estate Opens Offshore Wind Round 4

Boa Offshore Wins AHTS Contracts

Boa Offshore Wins AHTS Contracts

ProPetro Cuts Almost 150 Workers

ProPetro Cuts Almost 150 Workers

Greenpeace Activists Climb Shell North Sea Platform

Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

Archive
Subscribe

Subscribe for OE Digital E‑News

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