Malaysia's Bumi Armada inks deal for LNG development in Indonesia
(Reuters) - Malaysia's Bumi Armada on Wednesday said it has signed a deal with a subsidiary of Indonesian energy company Pertamina and natural gas trading company PT Davenergy Mulia Perkasa for development and commercialization of liquefied natural gas (LNG).
Under the deal, the companies will record key principles to develop and commercialize LNG from the Madura Gas Field and its surrounding fields in Indonesia.
Bumi and Pertamina will design, construct, install and operate a floating natural gas liquefaction and storage facility, together with an LNG carrier to transport LNG to consumers who are not close to clean energy sources, the Malaysian oil services company said in a statement.
Preliminary discussions have been initiated with potential off-taker clients and the first shipment of LNG is expected three years after making final investment decision, it added.
Related News
Related News
- Three killed, two injured in accident at LNG construction site in Texas (U.S.)
- Update: How Germany is building up LNG import terminals
- Digital Exclusive: The value of experience—Why expertise matters in compressor overhauls and revamps
- Croatia's LNG terminal to auction 0.75 Bm3 of regasification capacity in May
- Glencore to offtake 2 MMtpy of LNG from Commonwealth LNG's export facility in Cameron Parish, Louisiana
Comments