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Indonesia approves LNG investment plan

The Indonesian government has approved the revised plan of development (POD) for the Abadi liquefied natural gas (LNG) project in the Masela Block, which includes a carbon capture storage (CCS) facility slated to begin operations in 2030.
Indonesia approves LNG investment plan ảnh 1The Indonesian government has approved the revised plan of development (POD) for the Abadi liquefied natural gas (LNG) project in the Masela Block. (Photo: offshore-technology.com)
Jakarta (VNA) – The Indonesian government has approved therevised plan of development (POD) for the Abadi liquefied natural gas (LNG)project in the Masela Block, which includes a carbon capture storage (CCS)facility slated to begin operations in 2030.

Energy and Mineral Resources Minister Arifin Tasrif said the investment andoperational costs of the project were expected to total around 34.74 billionUSD, including 1.08 billion USD for construction of CCS infrastructure.

Meanwhile, Director General of Oil and Gas under the Ministry of Energy andMineral Resources Tutuka Ariadji expressed his hope that the project will beput into operation soon, and in line with the Government’s efforts to realisethe net-zero target.

The Abadi LNGproject is expected to produce at its peak 9.5 million tonnes of LNG a year,150 million standard cubic feet per day of pipe gas and 35,000 barrels of condensateper day, upstream regulator data showed.

The project, in whichJapanese oil and gas company Inpex is the lead investor, has faced yearsof delay due to various changes, from moving the project onshore to accommodatethe government's request and change contractors.

Inpex will develop theFront End Engineering and Design (FEED) of the floating LNG facility for theproject besides building the floating, production storage and offloading (FPSO)facilities,and subsea, umbilical, risers and flowlines (SURF) in 2024./.
VNA
#Indonesia #Abadi LNG project #Masela Block #CCS infrastructure #Inpex Japan #Vietnam News Agency #Vietnamplus
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