18-09-2012
Completion of acquisition: Browse LNG project in Australia
Mitsubishi Corporation and Mitsui & Co., Ltd. have completed the transaction in respect of the previously announced participation in the proposed Browse LNG Project as of September 18th 2012 through Japan Australia LNG Pty Ltd , a wholly-owned subsidiary of Japan Australia LNG Pty Ltd which is a 50-50 joint venture between Mitsubishi and Mitsui, under the agreement made with Woodside Browse Ltd, a subsidiary of Woodside Petroleum Ltd. on April 30th, 2012.
As a result of the completion of this acquisition, MIMI Browse owns 16% and 8% working interests in natural gas and condensate fields of East Browse and West Browse Joint Ventures respectively. This will give MIMI Browse an estimated 14.7% interest in the Project on an assumed unitized basis. Currently, the Project is carrying out assessment of front end engineering and design, and accordingly will award EPC contracts, with the aim to make a final investment decision by June 2013.
By participating in the Project, Mitsubishi and Mitsui will further enhance its LNG business in Australia and aim to contribute to the reliable supply of energy to Japan and the East Asia region.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels
The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...
24-04-2024
-
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project
Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...
23-04-2024
-
SABIC Fujian Petrochemicals select Phenol yechnology from KBR
KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...
22-04-2024
-
Lummus Expands R&D capabilities to enhance innovation and water and wastewater technologies
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) ...
17-04-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024