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View all search resultsJapanese oil and gas exploration firm Inpex Corporation will soon initiate the preliminary front-end engineering design (pre-FEED) for the Masela block in the Arafura Sea, a critical step in creating detailed plans for developing the gas-rich block.
Oil and gas giants Inpex and Royal Dutch Shell have kicked off the preliminary front-end engineering design (pre-FEED) for the development of an onshore liquefied natural gas (LNG) plant at the Masela block in Arafura Sea, which is expected to go on stream by 2027.
South Korean LG International and local firm PT Duta Firza are conducting a feasibility study on a potential US$1.3 billion petrochemical factory in Bintuni, West Papua, near the gas-rich Bintuni and Masela blocks in Maluku, which would provide raw material to the factory.
The government is looking to roll out several fiscal incentives, including a tax holiday, for the buyers of gas to be produced at the Masela block in the Arafura Sea at a fixed price of US$5.86 per million British thermal unit (mmbtu).
Energy and Mineral Resources Minister Ignasius Jonan has said the onshore liquefied natural gas (LNG) plant for the gas-rich Masela block will most likely have a capacity of 9.5 million tons per annum (mtpa) and 150 million standard cubic feet per day (mmscfd).
Energy and Mineral Resources Minister Ignasius Jonan has said the onshore liquefied natural gas (LNG) plant for the gas-rich Masela block will most likely have a production capacity of 9.5 million tons per annum (mtpa) and 150 million standard cubic feet per day (mmscfd).
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