LNG

Inpex Corp., the Japanese operator of the Ichthys LNG plant in Australia and developer of the Abadi LNG project in Indonesia, has signed a natural gas and decarbonisation deal with Ashikaga City north of Tokyo known for its historic trees, flower beds and pristine water to supply gas from the next phase of cleaner LNG projects.

Inpex Corp., the operator of the Ichthys LNG plant in Australia and developer of the Abadi LNG project in Indonesia, said it received written approval on December 6 for the revised Plan of Development (POD) for the Indonesian Abadi joint venture and would be moving on to the front-end engineering and design phase.

Indonesia’s Minister of  Energy and Mineral Resources Arifin Tasrif said 68 of the country's 128 oil and gas basins remained entirely unexplored and that international energy companies would receive better terms for exploration and production in the country where the Abadi LNG project is advancing along with the Tangguh LNG expansion.

Malaysian energy company Petronas and Indonesian state-owned oil and gas company Pertamina have agreed with Shell to jointly acquire the UK company’s minority Masela natural gas block in Indonesian waters that will underpin the Abadi LNG export project in Indonesia and boost future cargo availability in the Pacific Basin.

Indonesian state-owned oil and gas company Pertamina is preparing to acquire Shell’s stake in the Masela natural gas block that will underpin the Abadi LNG export project in Indonesia and boost future cargo availability in the Pacific Basin, while Shell is also selling all its assets in Pakistan in a pull-out from Asia's more difficult areas to do business.

Indonesian national oil company and liquefied natural gas exporter Pertamina is renewing efforts to develop the small-scale LNG market by building an onshore regasification terminal linked to the island nation’s largest oil refinery in southern Central Java province.

Indonesia has made its first step toward developing ammonia-based green fuel with the signing of an accord between Indonesian and Japanese companies and the start of studies on a green energy project near the Donggi Senoro LNG export facility in Central Sulawesi.

The nations of Malaysia and Indonesia, the largest Asian liquefied natural gas exporters, are also increasing their own domestic LNG deliveries on growing demand requirements and will indirectly help to balance the over-supplied global market.