Inpex Corp. is studying ways to makes its 9.5-million tonne/year Abadi LNG liquefaction project cleaner as it continues negotiations with the Indonesian government on additional revisions to its plan of development (POD), inclusive of carbon capture and storage. The company described its efforts as driven by ways to increase Abadi’s long-term competitiveness and sustainability.
Inpex plans to sequentially restart on-site Abadi project activities upon POD approval, targeting final investment decision in the latter half of 2020s to begin production in the early 2030s.
Masela block offshore Indonesia would supply the feedgas for Abadi LNG, as well as providing 150 MMcfd for local consumption. Indonesian authorities previously approved revisions to Abadi changing it from a floating LNG (FLNG) development to an onshore one (OGJ Online, July 22, 2019).
Inpex owns 65% of Masela in partnership with Shell PLC. Shell has been seeking to sell its 35% share in the block for years, having preferred the FLNG development option (OGJ Online, July 8, 2020). Potential buyers as of late 2022 include a consortium led by Indonesian-state energy company PT Pertamina, Malaysian-state Petroliam Nasional Berhad (Petronas), and ExxonMobil Corp.
Abadi field, part of Masela, contains an estimated 10.7 tcf of natural gas.
