Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC

Indonesia approves Inpex's plan for $20B Masela LNG project

Indonesia’s energy ministry has approved a revision by Japan’s Inpex Corp of its development plan for the $20 billion Masela natural gas project, upstream oil and gas regulator SKK Migas said.

Regulator Chairman Dwi Soetjipto said the details of the approved plan were the same as agreed in a deal signed last month, including the timeline, estimated costs and fiscal conditions.

Inpex had to revise the gas block development plan, causing years of delay, after a government order in 2016 to move the project inland, versus the earlier plan for development offshore.

The Japanese oil and gas company, which controls 65% of the project, is expected to proceed with their final investment decision for the project, Soetjipto said.

The liquefied natural gas (LNG) plant, which will have a capacity of 9.5 million tonnes per year, is expected to start operations in 2027, he said.

In a heads of agreement signed in June, Indonesia gave Inpex initial approval for a 27-year contract extension to 2055.

An Inpex spokesman in Jakarta said the company has not yet received an official notification from the government regarding the approval of the revised plan.

Reporting by Wilda Asmarini; Writing by Fransiska Nangoy; Editing by Clarence Fernandez and Christian Schmollinger

Copyright © 2019. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo


Editorial Comment
-Adrienne Blume
The $26-B small-scale LNG market is gaining exciting traction this year.
Regional Focus: Singapore moves closer to becoming a global LNG trading hub
-Eugene Gerden
Amid strong demand for LNG in the Asia-Pacific region and the need to secure regular gas supplies on a large scale, Singapore may become a major regional hub for LNG trade.
Show Preview
-Adrienne Blume
For the third time in its 47-yr history, Gastech is returning to Houston, Texas.

Reliable Operations & Saving OPEX for Gas Plant Refrigeration – Selecting the right technologies

Register Now

By selecting integrally geared turbocompressors for gas plant refrigeration duty coupled with a mag bearing turboexpander, operators get the added values of technology with highly reliable operations and reduced OPEX. Join Sami Tabaza and Chris Blackmer from Atlas Copco Gas and Process for a presentation followed by Q&A surrounding the turbocompressor and turboexpander technologies that can efficiently and reliably fit your gas plant design and operation to get the advantages of both technologies.

June 18, 2019 10:00 AM CDT

Register Now


Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2019 Gulf Publishing Holdings LLC.