Monday 22nd Oct, 2018

Small-scale FLNG project granted major project status

Image: Transborders Energy
Image: Transborders Energy

A NEW and innovative offshore LNG project has been granted major project status by the federal government, as it is expected to bring jobs to the Australian offshore sector.

Perth-based company Transborders Energy is developing a small-scale floating LNG vessel that would allow otherwise non-viable offshore gas resources to be commercialised in offshore gas regions in Australian waters.

Transborders Energy is slated to receive assistance from the Major Project Facilitation Agency to navigate the government approvals process to develop the project.

The project is estimated to bring 150 new direct jobs during the hook-up, commissioning and start-up of the FLNG vessel, with 100 direct jobs forecast over the life of the project.

The new FLNG project is expected to increase Australian LNG exports by 1.2m tonnes per year over its 25-year life span.

Jobs and innovation minister Michaelia Cash welcomed the project’s expected job creation and innovative approach.

“This project is a great example of how innovation within our existing industries is creating new jobs for Australians, she said.

“Innovation isn’t just about new start-ups, innovation is doing what we currently do well and improving it.”

Minister for resources and Northern Australia Matt Canavan said this 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,” he said.

Transborders managing director Daein Cha said he was pleased to receive the major project designation.

“We look forward to working with the Australian Government to deliver our predetermined, low-cost FLNG Solution for monetising a range of stranded gas resources in the Australian jurisdiction,” he said.

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