Under a signed agreement, LNG IMPEL has agreed to identify suitable gas supplies for potential medium-size LNG projects, after which the two companies will enter into development contracts on a project-by-project basis.

LNG Ltd managing director Maurice Brand said the partnership was expected to add to its mid-scale LNG plant strategy.

“We have now substantially completed the design; engineering and procurement and construction costing for a range of LNG plant sizes, from 850,000 tonnes per annum to 2.3 million tones per annum, and are in a position to fast-track gas supply opportunities introduced by LNG IMPEL,” he said.

IMPEL president Thom Dawson said his company has already identified “a number” of suitable gas supply prospects.

Last month, IMPEL teamed up with the Dubai Government to develop a $US1 billion ($A1.3 billion) “first of its kind” LNG storage facility.

The Dubai LNG storage hub is expected to have a total storage capacity ranging from 40-65 billion cubic feet.

The storage hub will offer customers the ability to store, trade and plan supplies of LNG in addition to providing other services such as LNG loans and LNG quality blending.

Over time, it will also offer financial derivatives around LNG and shipping.

IMPEL is also the parent company of Kitimat LNG, which is developing an LNG receiving and re-gasification terminal in British Columbia on Canada’s northwest coast.