The company intends to work with prospective customers toward finalizing sale and purchase agreements (SPAs) that are collectively expected to cover a significant portion of the project’s anticipated LNG production volume.
The firm claims that the agreements in principle relating to LNG offtake represent an important milestone for the project and contribute to steady progress toward a final investment decision (FID).
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The agreement in principle regarding pipeline natural gas supply is expected to lead to a gas sales agreement (GSA). The Abadi gas field is anticipated to support efficient development and stable production of LNG and pipeline gas over the long term.
“The discussions are also aligned with the Indonesian government’s focus on optimizing domestic natural resource utilization and are expected to support energy demand growth across the Asia-Pacific region,” underlined Inpex.