Transborders Energy Secures Major Project Status from the Australian Government to Commercialise Offshore Gas Resources via its FLNG Solution

Transborders Energy Pty Ltd (“Transborders Energy”) is pleased to announce that its Floating Liquefied Natural Gas (FLNG) Solutions development [1] has secured the Major Project Status (MPS) renewal from the Australian Commonwealth Government.

Transborders Energy’s pre-engineered 1.5 million tonne per annum FLNG facility

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.

For further details please contact Daein Cha at +61 (0)8 6145 1100 or inquiry@transbordersenergy.com.

[1] Rather than developing a bespoke development solution per gas resource, Transborders Energy’s FLNG Solution provides a pre-engineered 1.5 million tonne per annum FLNG facility with a package of streamlined and pre-agreed commercial arrangements and a robust regulatory approval execution plan that can be applied to a range of stranded offshore gas resource opportunities.