Buru, Transborders to study LNG solution for Rafael gas project

Sydney-listed Buru Energy has signed an agreement with Transborders Energy to study an LNG project solution for Rafael gas development located in Western Australia’s Canning basin, the company said on November 16.

“This solution potentially provides a faster, more capital efficient, and less complex regulatory and commercial alternative LNG production pathway for Rafael gas than a concept involving transporting Rafael gas to the North West Shelf (NWS) for liquefaction and export,” Buru said.

The solution being evaluated for potential Rafael gas commercialisation has obtained “major project” designation from the Australian government and has been developed in a multi-project collaboration arrangement with Kyushu Electric Power, Mitsui OSK Lines, Technip Energies, SBM Offshore and Add Energy.

“We are very pleased to be collaborating with Transborders on the potential use of a more localised, scalable, and innovative LNG solution for bringing Rafael gas to market,” Buru CEO Thomas Nador said.

The pre-feasibility study is due to be completed by end of Q1 2023.

The Rafael 1 gas condensate discovery well was drilled in late 2021 and flow tested in March 2022. Buru earlier this year raised approximately A$14.4mn ($9.72mn) to fund the multi-phase appraisal programme for the Rafael gas condensate discovery.