Genting seeks approval for export of LNG from Kasuri block
Friday, December 16 2016 - 02:56 AM WIB
Kasuri PSC
Genting Oil, operator of Kasuri block in Papua Province, has proposed to upstream oil and gas authority SKK Migas to develop a 1 million-ton per annum floating LNG (FLNG) production facility to process gas from the block into LNG and export the output.
SKK Migas Public Relations Head Taslim Yunus told Petromindo.com on Thursday that the company wants to export the Kasuri block output as it could not sell the gas to a fertilizer plant to be built in the province as initially planned because the fertilizer plant will only start taking gas in 2020.
?The decision (for export and develop FLNG) was taken as Genting has been facing difficulties to market the gas from Kasuri block to fertilizer plant in Papua. The (fertilizer) plant can only start receiving gas in 2020. That?s why Genting has requested to be allowed to export LNG and to develop FLNG near the local port,? Taslim explained on the sidelines of a hearing between the Ministry of Energy and Mineral Resources and the House of Representatives Commission VII on energy and mining.
He said that SKK Migas is currently still evaluating the Genting requests.
The Kasuri block is projected to come on stream in the fourth quarter of 2019 in line with the Plan of Development submitted to SKK Migas in June of this year, a Genting official said previously.
Genting through subsidiary Genting Oil Kasuri Pte Ltd owns 100 percent of Kasuri. The firm has discovered gas reserves amounting to 1.8 tcf (P1), according to Director General of Oil and Gas IGN Wiratmaja.
Editing by Reiner Simanjuntak