Jump to content

Mitsubishi to invest $2.8 billion in Indonesian LNG plant


Recommended Posts

Posted

Mitsubishi to invest $2.8 billion in Indonesian LNG plant

2011-01-25 12:01:12 GMT+7 (ICT)

CYPRESS, CALIFORNIA (BNO NEWS) -- Mitsubishi Corporation on Monday announced that the final investment decision on the Donggi-Senoro LNG project in Indonesia has been reached and will cost approximately 230 billion JPY ($2.8 billion).

The project, for the construction and operation of a natural gas liquefaction (LNG) facility, is being spearheaded by PT Donggi-Senoro LNG, a company 51 percent owned by Mitsubishi.

Indonesia has the largest natural gas reserves in Southeast Asia and is the world’s third largest LNG exporter. The Donggi-Senoro project will be Indonesia’s fourth LNG project and the second involving Mitsubishi, after the Tangguh project.

In the second half of 2014, PT Donggi-Senoro is expecting to produce and deliver approximately two million tons of LNG per year (approximately 45,000 B/D crude oil equivalent), along with associated condensate (approximately 2,300-2,500 B/D crude oil equivalent).

Established in December 2007, PT Donggi-Senoro is a joint venture between Mitsubishi, Pertamina Energy Services Pte. Ltd., and PT. Medco LNG Indonesia (MLI). Pertamina Energy Services is a subsidiary of Indonesia’s state-owned oil and gas company, PT. Pertamina, and MLI is a wholly owned company of PT. Medco International Tbk, Indonesia’s largest private oil and gas company.

tvn.png

-- © BNO News All rights reserved 2011-01-25

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



  • Topics

  • Popular Contributors

  • Latest posts...

    1. 212

      Six Dead as Covid Cases Surge in Thailand

    2. 70

      What exactly is a Thai pink ID card?

    3. 82

      United States credit rating

    4. 27

      Panicked Trump Lashes Walmart for Telling Truth on Tariffs

    5. 14

      Woman’s Receives Electric Shock Inside Police Station While Charging Phone

  • Popular in The Pub

×
×
  • Create New...