Rentech says C. Sulawesi GTL project progressing
Friday, June 13 2003 - 12:17 AM WIB
US gas-to-liquid (GTL) company Rentech Inc. said it had been notified by both Sri Gas, its associate in Indonesia, and state oil and gas company Pertamina that it has received a strong third-party indication of interest in funding its proposed 16,500 barrel-per- day GTL project for the Matindok Block, Central Sulawesi.
?Rentech, Sri Gas and representatives of Pertamina's management will meet in Jakarta in the month of June with the funding group to evaluate the interest and formulate the next steps in moving the venture forward,? said Rentech.
Matindok block comprises of Donggi block, operated by Pertamina and Senoro-Toli block, jointly operated by Exspan and Pertamina., where substantial gas reserves were discovered. Pertamina is prioritizing to build LNG terminal in Donggi, but have to scale back the plan due to inadequate gas reserves. (alex)