By OGJ editors
DOHA, QATAR, Oct. 12 -- Nusantara Regas, a joint venture of Pertamina and PGN, has selected Golar LNG Energy Ltd. for its West Java floating storage regasification unit. The West Java FSRU will be Indonesia's first LNG regasifcation terminal and represents the world's first FSRU project in Asia.
The contract, still subject to final terms and conditions, will be for an initial 11 years and consists of the lease of a floating storage and regasification vessel and associated mooring.
Golar will convert one of its existing Moss LNG carriers to an FSRU for the project; contract value will be about $500 million.
Golar has already completed three FSRU conversions over the last 3 years. The FSRU for West Java will be similar in design to the latest of these three projects, the Golar Freeze, recently delivered to Dubai, said the company’s announcement.