Rentech says C. Sulawesi GTL project to move forward

US gas-to-liquids company Rentech Inc. said on Friday that the proposed 16,000 barrels per day gas-to-liquids (GTL) plant in Matindok/Donggi block, Central Sulawesi will be moving forward.

Rentech said that Pertamina, the operator of the block, has indicated to Rentech and its development partner SRI-Gas that the agreements will be finalized upon completion of Pertamina's gas exploration activities associated with the project.

?With the transition from a national oil company to a private company, Pertamina has experienced numerous management changes and reductions in staff resulting in delays. SRI-Gas is carefully tracking the project and based on information supplied to it by

Pertamina, believes that by mid-summer activities on the project development side will accelerate,? said Rentech.(alex)