Indonesia - Faisal Abda'oe.

APS Review Downstream Trends, March, 1999

The president of Pertamina until early 1998, Abda'oe is the chairman of the government's Natuna Island Development Agency. This agency has been pushing development of Natuna's huge gas reserves, in a venture led by Exxon and to invest over $40 billion. Abda'oe said in July 1998 that the venture's big LNG project could start up in 2007 - three years behind schedule - with the hope that by then demand for LNG in the Far East and the Indian sub-continent would have recovered its strength. (Exxon holds 50% in the venture, with Mobil having 26% and Pertamina try-ing to sell part of its 24% equity to a group of Japanese companies).

Abda'oe has had easy access to President Habibie, with whom he worked for years on the Natuna gas project. That was when Habibie was...

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