Transborders signs a Joint Study Agreement with Kyushu

Transborders Energy (Transborders) is pleased to announce it has entered into a Joint Study Agreement with Kyushu Electric Power Co., Inc. and its affiliate Kyushu Electric Australia Pty Ltd (Kyushu).

The Joint Study Parties will work together to develop a Floating LNG (FLNG) Solution and pursue the deployment on a range of stranded offshore gas resource opportunities.

Transborders’ FLNG Solution is a pre-determined FLNG and wells tie-back development concept with a package of streamlined commercial and regulatory approval frameworks.

Through this Joint Study Agreement, Transborders will collaborate with Kyushu to perform three key activities: (i) Conduct technical Pre-FEED with Transborders’ strategic partners TechnipFMC and Add Energy; (ii) Pre-negotiate key commercial terms of the FLNG Solution; and (iii) Pursue the deployment of the FLNG Solution on stranded gas resource opportunities.

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