Indonesia to build three new LNG terminals in 2012
Indonesia will add to its energy infrastructure with three new Liquefied Natural Gas (LNG) terminals due to come onilne in 2012. The terminals, in Jakarta, Belawan (North Sumatra province) and Arun (Aceh province) should help reduce Indonesia’s domestic supply problems.
According to this report, the director general of the Energy and Mineral Resources Ministry, Evita Legowo, said her government also has another terminal planned for Central Java due to begin operations in 2013.
Jakarta’s terminal, which broke ground this week, is a floating terminal which eventually will be able to handle 3 million tons (400 million cubic feet) of LNG per day after starting with 1.5 million tons. It will source 1.175 million tons from the refinery in Bontang, East Kalimantan province for ten years, and is also looking for other sources.
Arun already exists as a supply terminal and will be converted into a storage facility, and will also source LNG from Bontang or Tanggun in Papua province. It will supply energy to local industries such as fertilizer, paper, and power plants. Belawan terminal’s gas will go to PLN, a state-owned power company.
The new terminals are being constructed by PT Nusantara Regas, a joint venture between PT Pertamina and state-owned gas company PT PGN (60%-40% shares respectively). Pertamina will construct the Arun terminal and PGN will look after Belawan.
source & article: DownstreamToday
- World Bank Group to open office in Singapore
- Could Indonesia overtake Thailand as an auto manufacturer?
- Indonesia to give tax holidays to major foreign investors
- US$4.7bn in major gas projects approved for Indonesia
- Indonesia strong enough to cope with ‘hot money’, but still wary
- Google keen on Indonesian market, less keen on local regulation
- More on Indonesia’s entrepreneurial spirit
- Indonesian courier start-up Go-Jek wins fame, prize
- More longer-term investment flows into Indonesia
- Merger to create new Malaysian oilfields giant