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View all search resultsEven taking into account rich gas blocks such as the Masela Block, Jambarang Tiung Biru field (Cepu Block), Tangguh field (Berau Block) and Sakakemang Block, Indonesia will face an LNG deficit of 1,000 to 2,000 million metric standard cubic feet per day (mmscfd) by 2035, according to state energy giant Pertamina estimates.
As a preventive measure, the Corruption Eradication Commission (KPK) has been asked to help supervise the development of the Masela block in the Arafura Sea to ensure the multi-billion gas project is free from irregularities.
The Energy and Mineral Resources Ministry’s director general for oil and gas, Djoko Siswanto, told the press on Thursday that a deal to reduce the price of gas to US$7.08 per million British thermal units (mmbtu) was reached between local energy firm PT Medco E&P Malaka and Nanggroe Aceh Darussalam-based state fertilizer producer PT Pupuk Iskandar Muda (PIM).
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