Transborders eyes FLNG development

Transborders Energy has signed a Joint Study Agreement with a major Asian LNG buyer to work together on a floating LNG (FLNG) development.

The joint study allows Transborders to enhance the technical and commercial deployability of Transborders’ “Generic FLNG Solution” for a range of discovered but stranded gas resources.

Specifically, it provides for the parties to work together to enhance the technical and commercial definition of the “Generic FLNG Solution” and consists of:

  • Completing a technical pre-Front End Engineering and Design (pre-FEED) that caters to a range of discovered but stranded gas resources
  • Completing negotiation of key terms of major agreements for underpinning the reserve booking as well as facilitating final investment decision (FID).

It is anticipated that the joint study will be completed by early 2019 and provide a sufficiently mature product to be marketed to resource owners for the development of their resource.

Transborders’ “Generic FLNG Solution” proposes a 1.2 MMT/a 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 FID.

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

 

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