Inpex is advancing its USD 19 billion Abadi LNG project in Indonesia, targeting a Final Investment Decision (FID) in 2027. The project will develop the Abadi gas field, holding over 10 trillion cubic feet of reserves, via a 9.5 million tonnes per annum LNG facility on the Tanimbar Islands, with an additional 150 million cubic feet per day of gas allocated for the domestic market.
The project entered the Front-End Engineering and Design (FEED) phase in August, which is progressing as planned. This technical initiative encompasses four major work scopes: the floating production, storage, and offloading vessel; subsea umbilicals, risers, and flowlines; the gas export pipeline; and the onshore liquefaction plant. FEED work for these packages began in September.
Inpex is concurrently working on three other key initiatives to reach FID. The second initiative focuses on securing necessary permits and approvals from the Indonesian government, including environmental approvals and a site for the onshore plant, with procedures reported to be on track. The third initiative involves commercial aspects, such as project financing and LNG marketing activities, with discussions already underway with financial institutions and potential buyers. The fourth initiative centres on negotiations with the Indonesian government to ensure the project’s economic viability, with preliminary discussions aimed at enabling an FID soon after FEED completion.