LogIn LogOut

Indonesia: Inpex Finds Buyers for Masela Gas

February 19, 2020

Inpex's Masela Block containing the Abadi gas field - Image by Inpex
Inpex's Masela Block containing the Abadi gas field - Image by Inpex

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)



Current News

BW Offshore's FPSO Stuck in New Zealand

BW Offshore's FPSO Stuck in New Zealand

OPEC+ Oil Pact Hinges on Mexico Joining

OPEC+ Oil Pact Hinges on Mexico Joining

Sinopec Building LNG Storage Tanks at Tianjin Terminal

Sinopec Building LNG Storage Tanks at Tianjin Terminal

Dyna-Mac, China Merchants Heavy Industry Form JV Firm

Dyna-Mac, China Merchants Heavy Industry Form JV Firm

Energean Ups Israeli Offshore Field Size Estimate

Energean Ups Israeli Offshore Field Size Estimate

Oil Holds near $32 ahead of OPEC-Led Talks on Output Cuts

Oil Holds near $32 ahead of OPEC-Led Talks on Output Cuts

Pertamina Buys NWS Condensate at 'Deep Discount'

Pertamina Buys NWS Condensate at 'Deep Discount'

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