Indonesia’s Pertamina said in a statement Friday that it has approved plans to spend $1.96 billion from 2012-14 on planned FLNG terminals and associated gas pipelines.
The company plans to invest $1.15 billion to build a floating storage and regasification unit in Central Java and a pipeline linking East Java-Central Java and West Java.
Pertamina also said it plans to set aside $400 million to jointly build several mini LNG terminals in eastern Indonesia along with PLN.
The company will convert a liquefied natural gas plant in Arun, into a receiving LNG terminal in 2014, at a cost of $380 million.
These investments will feed into Indonesia’s master plan for economic development (MP3EI), which aims to diversify Indonesia’s energy consumption, boosting the downstream industry and reducing the burden of subsidising oil-based fuel, Pertamina said in a statement.
[mappress] LNG World News Staff, January 30, 2012; Image: Pertamina