Australia’s Buru examines LNG option for Rafael gas development

Australia’s Buru Energy has joined forces with compatriot Transborders Energy to study using the latter’s floating LNG solution to commercialize Buru’s Rafael conventional gas and condensate discovery in the Canning Basin.

According to a joint statement, the two firms entered into an agreement to conduct a pre-feasibility study for a Kimberley-based compact marinized LNG plant solution.

“This solution potentially provides a faster, more capital efficient, and less complex regulatory and commercial alternative LNG production pathway for Rafael gas than a concept involving transporting Rafael gas to the North West Shelf (NWS) for liquefaction and export,” the statement said.

Since 2016, Transborders has been developing a floating solution aimed at fast tracking monetization of gas resources that also allows LNG buyers to both offtake LNG and invest in the LNG facility with a capacity of about 1.5 mtpa.

The solution has obtained “major project” designation from the Australian government and Transborders developed it in a multi-project collaboration arrangement with Kyushu Electric Power, MOL, Technip Energies, SBM Offshore, and Add Energy, the statement said.

Buru has a 50 percent interest and is operator of the Rafael 1 condensate rich gas discovery in the Canning Basin. Also, Origin Energy holds the other 50 percent equity in the permit.

An independent resources report by ERCE has estimated that there is in an excess of 1 Tcf of recoverable gas at the 3C level, according to Buru.

The partners expect to complete the pre-feasibility study by the end of the first quarter of 2023.

- Advertisements -

Most Popular

Trafigura to supply US LNG to Germany under new deal

Commodity trader Trafigura said it would supply liquefied natural gas (LNG) from the US to Germany under a new...

Sempra and Engie seal Port Arthur LNG supply deal

French energy firm Engie has agreed to buy liquefied natural gas for a period of 15 years from Sempra...

Trinidad, Shell, BP move forward with Atlantic LNG restructuring plans

Trinidad and Tobago has signed a restructuring deal with the shareholders of LNG producer Atlantic LNG, including Shell and...

More News Like This

VesselsValue: Japan has the world’s most valuable LNG fleet

Japan owns the world’s most valuable fleet of liquefied natural gas (LNG) carriers, followed by Greece and South Korea,...

Woodside delivers Australian LNG cargo to Germany’s Uniper via Dutch Gate terminal

LNG player Woodside said it had delivered an LNG cargo from its North West Shelf project in Australia to...

Japan’s MOL to order two cruise ships

Japan's shipping giant MOL has decided on a plan to order two cruise ships for about 100 billion yen...

Japan’s Jera pens ammonia deal with NYK and MOL

Japan’s LNG trader and power generation firm, Jera, has signed memorandums of understanding with compatriot shipping giants NYK and...