Pertamina of Indonesia is reportedly eyeing a stake in the Abadi FLNG project in the Masela block.
Djoko Siswanto, Oil and Gas Director general at Indonesia’s energy ministry told Reuters that Pertamina is looking to buy a stake in the project being developed by Inpex and Shell.
He said Pertamina is interested in owning a stake in the Masela block due to the potential it holds.
Inpex is looking to extend its position as the operator of the block by seeking to add another 20-year term to the current permit that expires in 2028.
Production at the Abadi FLNG project is running behind initial plans and is expected to start in 2022.
LNG World News Staff; Image: Inpex