PGN To Invest $1 Billion For LNG Terminals In West Java And North Sumatra, Indonesia

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PGN To Invest $1 Billion For LNG Terminals In West Java And North Sumatra, Indonesia

Published: 26-Nov-2009

PT Perusahaan Gas Negara (Persero) Tbk (PGN) intends to infuse $1 billion to construct liquefied natural gas (LNG) receiving terminals in West Java and North Sumatra, the Jakarta Post reported. The company will seek some loans from banks to finance the LNG terminals.

“The investment in the terminals is about $100 million up to $150 million per unit,” [with some multiple units] PGN's President Director, Hendi P Santoso told reporters.

“We probably will find 30 percent of the budget needed from the internal cash flow, with the rest from bank loans,” PGN finance director Riza Pahlevi Thabrani said.

PGN has targeted to supply a maximum of 400 million cubic feet per day in additional gas supply from the West Java LNG terminal, and around 150 million cubic feet per day from the North Sumatra one.

For the West Java project, PGN had established a partnership with PT Pertamina, and PT PLN.

Meanwhile, for the North Sumatra project, PGN would be fully in charge of the construction and operation of the project.

The company estimated the two projects to start operations in 2012.

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PGN To Invest $1 Billion For LNG Terminals In West Java And North Sumatra, Indonesia

Published: 26-Nov-2009

PT Perusahaan Gas Negara (Persero) Tbk (PGN) intends to infuse $1 billion to construct liquefied natural gas (LNG) receiving terminals in West Java and North Sumatra, the Jakarta Post reported. The company will seek some loans from banks to finance the LNG terminals.

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Energy Industry Research ...

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Related Companies

3Com Corporation (3Com) is engaged in providing secure and converged networking solutio ...

Chicony Electronics Co., Ltd (Chicony) principally provides keyboards, power supplies a ...

PT Perusahaan Gas Negara (Persero) Tbk (PGN) is a gas and energy company. It is engaged ...

Suppliers Product News

The machining of stainless steel and high-temperature alloys used in the manufacture of power generation components is usually fraught with two major problems: achieving consistent levels of productivity and maximising tool life.

A new drilling tool design developed by ATI Stellram has significantly boosted productivity and reduced costs at Young Touchstone, one of the world's leading manufacturers of industrial heat exchangers.

Higher speed and feed rates are the hallmarks of ATI Stellram's redesigned 5505VX ball nose milling tool, which is specially designed for use on a range of difficult-to-machine materials.

CEPMLP is calling for entries to the Steve Weston Prize, an annual essay competition on oil and gas law administered by Energy, Petroleum, Mineral and Natural Resources Law and Policy Education Trust

Acclaimed international arbitration lawyer and expert in east European law Professor Kaj Hobér has been appointed professor of international law at the University of Dundee's Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP).

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