Eric Watkins
Senior Correspondent
LOS ANGELES, Jan. 19 -- Indonesia's state-owned PT Pertamina said Mitsubishi Corp. will own 60% of a 2.5 million tonnes/year gas liquefaction (LNG) plant to be built in Senoro, Central Sulawesi, and will offtake much of the LNG production from the plant.
Mitsubishi's partners Pertamina and PT Medco Energi Internasional will each have a 20% share in the $1 billion LNG plant.
Gas feedstock for the plant will come from two fields: Senoro gas field in the Senoro-Toili block jointly owned by Pertamina and Medco and from Pertamina's Donggi-Matindok block in Central Sulawesi. The two blocks have proven gas reserves of about 2.3 tcf.
Pertamina, Medco, and Mitsubishi Corp. announced in December their plans to build the facility (OGJ Online, Dec. 13, 2006).
Contact Eric Watkins at [email protected].
