Transborders Energy’s Small Scale Floating Liquefied Natural Gas (FLNG) project has been granted Major Project Status by the Minister for Jobs and Innovation and Minister for Resources and Northern Australia.
The Ministers grant this status to the development of major projects of strategic significance to Australia, and assists for facilitating timely and efficient Commonwealth approvals process.
Senator the Hon. Michaelia Cash, Minister for Jobs and Innovation, said:
“This project is a great example of how innovation within our existing industries is creating new jobs for Australians. Innovation isn’t just about new start-ups, innovation is doing what we currently do well and improving it.”
Senator the Hon. Matt Canavan, Minister for Resources and Northern Australia, said:
“This project, and other FLNG developments, are helping to build Australia’s reputation in the offshore gas sector. The Australian Government is dedicated to ensuring Australia’s resource and energy sectors are globally competitive, innovative and continue to create jobs.”
Transborders Managing Director, Mr Daein Cha, stated:
“We are very pleased to receive the Major Project designation, and thank the Ministers and the Major Project Facilitation Agency for their consideration and support. We look forward to working with the Australian Government to deliver our predetermined, low-cost FLNG Solution for monetizing a range of stranded gas resources in the Australian jurisdiction.”
Transborders Energy is working with its partners Add Energy and TechnipFMC, its technical advisor MODEC and a major Asian LNG Buyer to progress the development of the FLNG projects.
For more information, please contact Transborders Energy on +61 (0)8 6145 1100 or email@example.com
About Transborders Energy (Transborders)
Transborders generates step changes in industry value creation by deploying a predetermined, low-cost Generic Floating LNG (FLNG) Solution to accelerate monetisation of a range of discovered but stranded gas resources.
Transborders’ Generic FLNG Solution delivers a ~1.2 million tons per annum FLNG vessel with a package of streamlined processes and commercial agreements, as well the facilitation of regulatory approvals that underpin the conversion of discovered but stranded gas resources to commercially viable reserves and subsequently project sanction (Final Investment Decision).