India: LNG terminal

Indonesia’s state-owned PT Perusahaan Gas Negara (PGN) said it is seeking a strategic partner to implement its plans to construct an LNG terminal at Situbondo in East Java. PGN President Mr Sutikno said the USD 450 million terminal would facilitate gas distribution to Java from the Tangguh LNG liquefaction plant being built in Papua and the Senoro LNG plant to be constructed in Sulawesi. PGN Director Adil Abas said several investors indicated interest in becoming PGN’s partner in the project, which will be implemented with a loan from Japan. Mr Abas, who did not name potential investors, anticipates construction will start this year, with completion in 2009-10.
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