Japanese-Australian trio to study NSW LNG import terminal

Japan’s Marubeni Corporation and Jera teamed up with Squadron Energy, a unit of Australia’s Minderoo Group, to conduct a joint feasibility study for an LNG import terminal in New South Wales. 

The companies signed a memorandum of understanding to conduct the joint study which will focus on a potential to develop an LNG import terminal at an existing port in NSW.

The project would 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.

According to a joint statement, Marubeni and Jera together with Squadron, will undertake the study, which will include initiation of gas marketing in NSW as well as make soundings regarding procurement of LNG through Jera’s global network.

Marubeni and Jera think that this project fits well with and will enhance the robust relationship between Australia and Japan, and will contribute to the availability of stable supplies of LNG not only in Australia and Japan but also in the Asia Pacific region.