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Jakarta Post

BPMigas rejects development plan for Sengkang LNG project

  • Alfian

    The Jakarta Post

Jakarta   /   Fri, January 29 2010   /  11:42 am

Upstream oil and gas regulator BPMigas has rejected a plan of development (POD) for a liquefied natural gas (LNG) project proposed by Energy Equity Epic Sengkang, a subsidiary of Australia-based Energy World Corporation (EWC), on the grounds that the proposal is incomplete.“The POD is not backed up with valid data. How can we approve the POD if we don’t even know
the reserve data?” BPMigas’s chairman, R. Priyono,  told reporters Thursday.Energy Sengkang, 100 percent owned by EWC, holds the production sharing contract (PSC) for the Sengkang Block located in South Sulawesi province. EWC said the block  potentially has reserves of between 2 trillion and 4 trillion cubic feet (TCF) of recoverable gas. Currently the gas from the block is used to fuel a 195 megawatt gas-fired combined-cycle power plant operated by PT Energi Sengkang, another subsidiary of EWC.Since Septem...