Rentech completes C. Sulawesi gas-to-liquid project feasibility study

Denver-based gas-to-liquid technology provider announced on Tuesday that the board of directors of state oil and gas company Pertamina had accepted the results of the feasibility study for the 16,000 barrel per day gas-to-liquids plant as the benchmark technology for the Matindok Project in Central Sulawesi.

The company said Pertamina with SRI Gas, Rentech's partner and agent in Indonesia on the project are working diligently to complete the Heads of Agreement for all parties and move to the Detailed Development Phase of the Matindok Project.

Matindok block, which consists of Donggi and Senoro-Toili blocks, is giant gas block estimated to contain up to 10 TCF natural gas reserves. Pertamina had been trying to develop the block as the country?s fourth LNG center after Arun, Bontang and tangguh. (alex)