Feasibility study for Australian LNG terminal

Japan’s Marubeni Corporation and JERA Co Inc are partnering with Australian energy company, Squadron Energy Pty Ltd, to establish an LNG import terminal and gas supply project at an already established port in New South Wales.

Following the signing of a Memorandum of Understanding (MOU) for the study, JERA stated: “Marubeni and JERA believe that this FSRU-based project can be completed and commence the supply of LNG to NSW in timely manner, which will contribute to the stability and diversity of energy sources available to NSW, where gas supplies are expected to remain tight in upcoming years.”

Addressing supply

Both Marubeni and JERA said that the project will also enhance the robust relationship between Australia and Japan and will contribute to the availability of stable supplies across the whole Asia Pacific region.

The feasibility study will include chartering a Floating Storage and Regasification Unit (FSRU), construction of associated onshore and offshore facilities and provision of gas to local customers in NSW.

Marubeni has been operating in Australia for over 50 years and has significant energy expertise in Australia, as well as considerable experience in global FSRU business. JERA has expertise and long experience in LNG procurement and import terminal operations.

The three parties will combine their expertise in undertaking the study, which will include the procurement of LNG through JERA’s global network.