ID :
17709
Mon, 09/01/2008 - 20:12
Auther :
Shortlink :
http://m.oananews.org//node/17709
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MEDCO ENERGY TO SUPPLY GAS TO DONGGI SENORO LNG
Jakarta, Sept 1 (ANTARA) - PT Medco Energy (MEDC), through its subsidiary PT Medco E&P Tomori Sulawesi (Medco Tomori), will supply gas amounting to 250 million standard cubic feet per day (mmscfd) to PT Donggi Senoro LNG (DSLNG) for a period of 15 years, MEDC director Lukman Mahfoedz said here on Monday.
Lukman Mahfoedz said that Medco Tomori will supply the gas in cooperation with its partners in a Joint Operating Body (JOB), which included Pertamina-Medco E&P Tomori Sulawesi (JOB Tomori) and PT PHH Tomori Sulawesi (Pertamina Tomori), operator of the Senoro-Toili gas field block in Central Sulawesi province.
According to Lukman, the gas supply will start in 2012 with a price referred to that of the Japan Crude Cocktail (JCC). The total price of the gas sale is expected to reach over 12 billion US dollars.
The gas will be channeled through a 30-km pipe network which will be built by JOB Tomori, to the LNG plants.
DSLNG is a company set up by a subsidiary firm whose stake is fully owned by PT Medco LNG Indonesia (Medco LNG), together with Mitsubishi Corporation (MC) and Pertamina Energy Services Pte Ltd (Pertamina).
The ownership composition of DSLNG state is 51 percent owned by MC, 29 percent by Pertamina and 20 percent Medco LNG.
DSLNG was established to build and operate LNG refinery plants in Banggai district, Central Sulawesi province.
Besides, DSLNG will also promote the marketing and sales of LNG to Japanese buyers.
The LNG plants are estimated to have a capacity of two million tons per annum, and will process gas from the Senoro gas field of the Matindok Block operated by Pertamina.
The final investment decision to build the LNG plants is expected to be made in the fourth quarter of this year at the latest.
It is projected that the plants will be operational in the middle of 2012.
Lukman Mahfoedz said that Medco Tomori will supply the gas in cooperation with its partners in a Joint Operating Body (JOB), which included Pertamina-Medco E&P Tomori Sulawesi (JOB Tomori) and PT PHH Tomori Sulawesi (Pertamina Tomori), operator of the Senoro-Toili gas field block in Central Sulawesi province.
According to Lukman, the gas supply will start in 2012 with a price referred to that of the Japan Crude Cocktail (JCC). The total price of the gas sale is expected to reach over 12 billion US dollars.
The gas will be channeled through a 30-km pipe network which will be built by JOB Tomori, to the LNG plants.
DSLNG is a company set up by a subsidiary firm whose stake is fully owned by PT Medco LNG Indonesia (Medco LNG), together with Mitsubishi Corporation (MC) and Pertamina Energy Services Pte Ltd (Pertamina).
The ownership composition of DSLNG state is 51 percent owned by MC, 29 percent by Pertamina and 20 percent Medco LNG.
DSLNG was established to build and operate LNG refinery plants in Banggai district, Central Sulawesi province.
Besides, DSLNG will also promote the marketing and sales of LNG to Japanese buyers.
The LNG plants are estimated to have a capacity of two million tons per annum, and will process gas from the Senoro gas field of the Matindok Block operated by Pertamina.
The final investment decision to build the LNG plants is expected to be made in the fourth quarter of this year at the latest.
It is projected that the plants will be operational in the middle of 2012.
