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Japanese utilities eye Aussie FLNG project

Osaka Gas has become the second Japanese utility to join Transborders’ FLNG project off Western Australia as Japanese buyers look for smaller, competitively priced volumes Osaka Gas has become the second Japanese utility to join Transborders’ FLNG project off Western Australia as Japanese buyers look for smaller, competitively priced volumes.
By Sally Bogle 17 September 2019 Asia Pacific / LNG 0 34585
The materials offloading facility at Gorgon LNG during its construction phase. (Chevron)

Transborders Energy has signed an information-sharing memorandum of understanding (MOU) with Japan’s Osaka Gas related to its FLNG project offshore Western Australia (WA), the Australian company announced on Monday.

Osaka Gas is one of a number of established utilities under pressure from competitors and the falling prices in Japan’s deregulated gas market. This MOU marks a departure from its previous investment strategy.

Osaka Gas is the second Japanese utility to join the Transborders FLNG project. In June 2019, the Perth-based group said it was...