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    Pertamina Interested in Picking Up Stake in Abadi FLNG Project

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Summary

Indonesia's state oil and gas company Pertamina is interested in acquiring a stake in the Abadi floating liquefied natural gas (FLNG) project currently being developed by Japan's Inpex and Royal Dutch Shell.

by: shardul

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Asia/Oceania

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Pertamina Interested in Picking Up Stake in Abadi FLNG Project

Indonesia's state oil and gas company Pertamina is interested in acquiring a stake in the Abadi floating liquefied natural gas (FLNG) project currently being developed by Japan's Inpex and Royal Dutch Shell, an energy ministry official said, reported news agency Reuters.

The FLNG project is located in the Masela block near Indonesia's border with northern Australia. Inpex is looking for a 20-year extension to operate Masela up until 2048 from the current expiry schedule of 2028, Reuters said.

"Informally, Pertamina said they were interested in owning a stake in the Masela block, because this is a new block and it has big potential," Upstream Oil and Gas Director Djoko Siswanto told reporters on Wednesday.

Production at the Abadi LNG development is expected to begin in 2022, three years later than planned. 

 

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