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>

<< Jun 2016 >>
MTWTFSS
30 31 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 1 2 3

The Rio Oil & Gas Conference 2016

Rio Oil & Gas 2016 will address topics from energy efficiency to sustainable Oil & Gas industry…

read more >

The FLNG World Congress 2016

The FLNG World Congress 2016 is the premium international FLNG event, bringing together the entire value chain of FLNG stakeholders…

read more >

LNG 360 Americas Conference & Exhibition

The LNG 360 Americas Conference and Exhibition is the only event of its kind…

read more >

World LNG & Gas Series: 8th Asia Pacific Summit

The 8th Annual World LNG & Gas Series: Asia Pacific Summit is back in September…

read more >