Allen & Overy advises on Indonesian LNG-to-power project

Allen & Overy advises on Indonesian LNG-to-power project
Illustration purposes only (Image courtesy of Allen & Overy)

Allen & Overy law firm said it has advised a number of development financial institutions on the $1.8 billion, Jawa-1 project, Asia’s first LNG-to-power project and one of the largest LNG-powered plants in Southeast Asia.

The institutions include Japan Bank for International Cooperation, Nippon Export and Investment Insurance, Asian Development Bank as well as mandated lead arrangers, MUFG Bank, Crédit Agricole Corporate & Investment Bank, Mizuho Bank, Oversea-Chinese Banking Corporation Limited and Société Générale.

The Jawa-1 project will be located in Indonesia and will combine a 1760 MW combined cycle gas turbine power plant with supporting floating storage and re-gasification unit (FSRU), together with gas and transmission lines.

Allen & Overy advised on all aspects of the project documents (including EPC) as well as reviewing the LNG supply agreements and FSRU time charter agreements for the lenders.

The team also advised on navigating the complexities involved with an integrated project.

The project expected to start operation in December 2021.

Mitsui O.S.K. Lines (MOL) signed deals for the construction of a floating storage and regasification unit, FSRU services for the project.

The 170,000-cbm FSRU will be located 14 km offshore in the Cilamaya Sea, east of Jakarta, while the power plant will be constructed on the shore near the FSRU site and connected via a pipeline about 21 kilometers long.

The FSRU with a regasification capacity of 300 million cubic feet per day will be built by the South Korean shipbuilder Samsung Heavy Industries.

The electricity produced by these facilities will be sold to Indonesian state-owned electricity utility PLN (Persero) over a 25-year period.

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 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 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >