Floating liquefied natural gas player Transborders Energy has signed a memorandum of understanding to collaborate with Japan’s Osaka Gas.

The agreement will see the pair share information and knowledge to evaluate projects that could commercialise stranded offshore gas resources based on Transborders’ FLNG solution.

“Osaka Gas’s capabilities in the LNG business are world class,” Transborders chairman Jack Sato said.

“We look forward to seeking insights and support from Osaka Gas to strengthen the development of our venture.”

Transborders’ FLNG solution will see it provide a pre-engineered 1.3-million tonne per annum FLNG facility with a package of streamlined commercial arrangements and a regulatory approval execution plan to gas resource owners.

The Australian company is currently carrying out pre-frontend engineering and design and is in pre-negotiation over key commercial terms for its FLNG solution.

It claims it will be in a position by the end of the year to convert a range of stranded gas resources into “project sanction ready” state within 24 months after the FLNG solution deployment.

The agreement with Osaka Gas comes after Transborders signed a similar deal earlier this year to collaborate with Japanese company Kyushu Electric Power, however that agreement also included collaboration on technical pre-FEED work.

Transborders’ other strategic partners include TechnipFMC and Add Energy, while Japanese floater specialist Modec is also providing support during the pre-FEED phase as operation advisor.

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Transborders teams up with Osaka Gas