MOL inks FSRU deal for Indonesian LNG-to-power project

MOL inks FSRU deal for Indonesian LNG-to-power projectIllustration purposes only (Image courtesy of MOL)

Mitsui O.S.K. Lines (MOL) signed deals for the construction of a floating storage and regasification unit, FSRU services, and financing for the Jawa 1 gas-fired project in Indonesia. 

Under the deals signed with Jawa Satu Regas (JSR), jointly established by Pertamina, Marubeni, and Sojitz, MOL is entrusted with FSRU construction supervision, maintenance, and operation services.

Jawa Satu Power (JSP), another joint venture set up by Pertamina, Marubeni, and Sojitz, will build, own, and operate a gas-fired power plant with a generating capacity of 1,760 MW in Indonesia’s West Java province, while JSR will build, own, and operate the FSRU to provide feed gas to the power plant, MOL said in its statement.

The project expected to start operation in December 2021, the statement reads.

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.

This is Asia’s first such gas-to-power project using FSRU, electric generation and gas related facilities will be developed in an integrated manner.

The project is co-financed by the Japan Bank for International Cooperation, Asia Development Bank, Mizuho Bank, MUFG Bank, Oversea Chinese Banking Corporation, Crédit Agricole Corporate and Investment Bank, and Societe Generale Bank & Trust.

Financing of private financial institutions is insured by Nippon Export and Investment Insurance, MOL said.

Share this article

Follow LNG World News

Events>

<< Apr 2019 >>
MTWTFSS
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

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >