LNG (LIQUIFIED NATURAL GAS)

Petronas to take stake in West Java LNG terminal

Indonesias state-owned utility, Perusahaan Listrik Negara (PLN), has revealed Malaysias Petronas ...

Petronas to take stake in West Java LNG terminal

In a statement PLN Director Ali Herman Ibrahim said, “The terminal will be vital for PLN owing to the shortage of gas supply for its gas-fired power plants in West Java and Jakarta [and] PLN and Petronas are currently discussing a development plan.”

Although Ali did not elaborate further, it is understood the terminal is expected to cost US$300 million and will begin operations in 2006 or 2007. The terminal will initially have a handling capacity of 400 million cubic feet per day, which will later be expanded to 800 million cubic feet per day.

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