Marubeni Corporation, JERA Co., and Squadron Energy, a subsidiary of Australia’s Minderoo Group, signed a Memorandum of Understanding regarding a joint feasibility study for the establishment of an LNG import terminal and gas supply project in New South Wales (NSW), Australia.
The study will aims to develop an LNG import terminal at an existing port in NSW, which will include chartering a Floating Storage and Regasification Unit (FSRU), construction of onshore and offshore facilities, and provision of gas to local customers in NSW.
The study will also include the start of gas marketing in NSW as well as making soundings regarding procurement of LNG through JERA’s global network.
The FSRU-based project can be completed and begin the supply of LNG to NSW in the near future, ensuring the stability and diversity of energy sources available to NSW, where gas supplies are expected to remain tight in upcoming years.
This project also wants to contribute to the availability of supplies of LNG not only in Australia and Japan, but also in the Asia Pacific region.
