Pertamina, PLN agree to establish LNG shipping firm
Tuesday, August 9 2011 - 01:36 AM WIB
PLN primary energy director Nur Pamudji said he expected that the preparation to set up the new company would be completed this year at the latest. He, however, rejected to disclose the investment value and the ownership share between the two companies in the new JV company.
Pertamina spokesman Mochamad Harun said the shipping company was scheduled to begin operation after the construction of the first LNG terminal had been completed.
PLN and Pertamina signed an agreement in March to build eight mini LNG plants, which aimed to help the electricity company ensure gas supply for its power plants in eastern Indonesia and improve its operational efficiency.
The development of the eight receiving terminals will be divided into three phases. In the first phase, four terminals will be built in Bontang and Balikpapan in East Kalimantan, Pasanggaran in Bali, and Kendari in Southeast Sulawesi.
In the second phase, two terminals will be established in Mataram in West Nusa Tenggara and Banjarmasin in South Kalimantan. Those terminals will begin operation in 2013. The remaining two terminals will be constructed in Gorontalo and Halmahera, North Maluku, and are scheduled to start operation in 2015.
The eight LNG receiving terminals would have a combined total capacity of 177 million standard cubic feet per day. (*)