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Mitsubishi to build LNG plant in Senoro.(CORPORATE NEWS IN BRIEF)(Brief article)
Indonesian Commercial Newsletter, November, 2006
Mitsubishi Corp. has won a tender to build a liquefied natural gas (LNG) plant in Senoro in Central Sulawesi. Mitsubishi will be ready to invest up to US$ 800 million in the project to be jointly owned by state-owned oil and gas company Pertamina and PT Medco Energi Internasional, Pertamina Vice President Iin Arifin Takhyan said.
Mitsubishi will be an off-taker of LNG from the project to be completed in 2009, Iin said last weekend. Gas for the LNG plant will be supplied from the Senoro gas field, which has a proven reserve of 2.3 trillion cubic feet. Medco President Hilmi Panigoro said the government has approved plan to exports LNG from the plant to Japan. The Senoro LNG plant will be the fourth in the country after Arun in Aceh, Bontang in East Kalimantan and...
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