Chiyoda awarded Bontang LNG FEED

Japan?s Chiyoda Corp said Tuesday it has received letter of intent from Indonesia? state owned oil and gas company Pertamina to draw basic plan for liquefied natural gas expansion project at the Bontang terminal in East Kalimantan.

Chiyoda and its Indonesian affiliate, PT Chiyoda International Indonesia, expect to be officially awarded the Front-End-Engineering-Design (FEED) contract for the construction of the ninth LNG processing plant, called Train I, at Bontang, a Chiyoda spokesman was quoted by Dow Jones as saying.

He said the award would be valued at several million yen.

Following the completion of the basic plan for the LNG train, Pertamina will open an international tender for the construction.

Pertamina plans to increase its LNG output from the terminal by 2.95 million tons a year to 24.59 million ton per year by mid 2001, according to Chiyoda.

PT Chiyoda International is a joint venture between Chiyoda and Mitsubishi corp. (*)