The Mitsubishi Corp-led group of lenders include Mitsui & Co, Sumitomo Corp, BNP Paribas, and Bank of Tokyo-Mitsubishi.

Pertamina wants to use the funds to build infrastructure to allow it produce 250 million cubic feet per day from gas fields around Pagar Dewa in Sumatra.

“Some 70% of the total loans are coming from the Mitsubishi Corporation consortium, which groups together, among other corporations, Mitsui & Co and Sumitomo, Pertamina spokesman M Harun said, according to The Jakarta Post.

The balance would come from “commercial banks” such as BNP Paribas, Bank of Tokyo-Mitsubishi, Mizuno Corporate Bank and ING Bank NV, he said.

Pertamina intended to use the loan to finance the completion of a gas compression facility at the Musi Barat plant, according to the reports in the media.

The money would also be used to fund the construction of transmission pipelines from Musi Barat to a plant at Pagardewa, of a gas compression facility at the Merbau plant and of transmission pipelines from Merbau to Pagardewa.