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Jakarta Post

RI to begin to auction shale gas fields this year

  • Alfian

    The Jakarta Post

Jakarta   /   Fri, March 12 2010   /  10:56 am

The government expects to start opening tenders for shale gas field development in eastern Indonesia this year, an official told reporters Thursday.Shale gas is natural gas produced from shale and seen as an unconventional form of gas reserves
which has become an increasingly important gas source in several countries.  Edy Hermantoro, an upstream oil and gas director at the energy and mineral resources ministry, said Indonesia was upbeat on its untapped shale gas potential.“A study from Bandung Technology University [ITB] states that Indonesia holds 1,000 trillion cubic feet [TCF] of shale gas reserves. We will open tenders for development of onshore shale gas fields located in eastern Indonesia this year,” Edy said. He refused to give details on the fields numbers and location, saying that the government was preparing the regulation on this matter. “We are preparing devel...