Indonesia: Inpex Finds Buyers for Masela Gas

Wilda Asmarini
Wednesday, February 19, 2020

A unit of Japan's Inpex Corp signed on Wednesday a memorandum of understanding to supply gas to Indonesian state companies PT Perusahaan Listrik Negara (PLN) and PT Pupuk Indonesia.

It would be the first sales deal for gas produced from Indonesia's Masela block after the government approved last year Inpex's revised development plan for the $20 billion project.

Pupuk Indonesia is expected to buy 150 million standard cubic feet per day via pipeline, which Pupuk will use to feed a refinery, upstream oil and gas regulator SKK Migas said in a statement.

PLN is estimated to take 2 million to 3 million tonnes of liquefied natural gas (LNG) per year, PLN director Syofvi Felienty Roekman told reporters on the sideline of the MoU signing ceremony.

Inpex, which controls 65% of the project, planned to start front-end engineering design (FEED) this year with the aim of starting LNG production from Masela in 2027-2028.

The plant is expected to produce 9.5 million tonnes of LNG a year from the block, as well as distribute 150 million standard cubic feet per day (mmscfd) of gas through its pipeline. 

(Reporting by Wilda Asmarini; Writing by Fransiska Nangoy; Editing by Edmund Blair)

Categories: Energy Industry News Asia Gas Indonesia

Related Stories

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Woodside Finds South Korean Partners to Advance LNG Value Chain

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Current News

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com