INPEX Signs HOA with PT Nusantara Regas for the LNG Supply to the West Java LNG Terminal (Indonesia)


INPEX CORPORATION announced today that INPEX and its partner Total E&P Indonesie, operator of the Mahakam PSC, signed a Heads of Agreement with PT Nusantara Regas pertaining to the supply of 11.75 million tons of Bontang LNG over the period of 2012-2022 to the West Java LNG terminal, the first LNG receiving terminal to be built in Indonesia (Floating Storage Regasification Unit).

PT Nusantara Regas is a joint venture between PT. Pertamina (Persero) and PT. PGN (Persero) Tbk. This Heads of Agreement will be followed by an LNG Sale and Purchase Agreement to be executed in 2011 prior to the start-up of deliveries.

This is an important milestone as it is the first commitment for gas producers in Indonesia to supply domestic LNG to meet the growing energy needs of the country. It will also contribute largely to the Indonesian Government objective of an increased switch from fuel oil to gas fired power generation.

INPEX has been expanding its exploration and development activities in Indonesia as one of its international core business areas. INPEX is conducting production activity in the Offshore Mahakam Block which has the largest gas production in Indonesia.

INPEX is also in the process of developing the large scale Abadi LNG project in the Masela Block, the Arafura Sea, for which INPEX as the Operator is now preparing for the Front End Engineering and Design (FEED).

INPEX will futher endeavour to expand upstream exploration and production in Indonesia.

Source: Inpex Corporation, October 13, 2010;

Share this article

Follow LNG World News

3 thoughts on “INPEX Signs HOA with PT Nusantara Regas for the LNG Supply to the West Java LNG Terminal (Indonesia)”

Comments are closed.

Events>

<< Mar 2017 >>
MTWTFSS
27 28 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

CIMPC 2017

The 2017 Chine International Marine Corrosion & Protection Technology and Innovation and Application Development Forum will be held in March in Shanghai, China.

The Forum will continue to maintain a high standard, specialization, and internationalization. In addition to focusing on marine areas, it will also extend to the corrosion and protection of land and air engineering.  By showing the outstanding results of China in the aspects of corrosion technology research and engineering applications, as well as by introducing the advanced anti-corrosion technology and products, it is aimed to promote the development of China’s corrosion & protection technology and engineering application.

More info

read more >

LNG Pricing, Trading & Risk Management / 2-Day Course

Come join us for this truly exceptional LNG learning and professional development experience.

read more >

Gastech Conference & Exhibition

Gastech Conference & Exhibition represents and addresses the current commercial and technical challenges spanning the entire natural gas & LNG supply chain..

read more >

06th OIL & GAS KENYA 2017

The 06th Oil & Gas Africa – Int’l Trade Exhibition, 11 – 13 April, 2017, is a hub for key players in the oil and gas community…

read more >