AG&P consortium secures contract in Indonesia

AG&P LNG, along with its consortium members, has secured a 20-year contract for the development of LNG infrastructure from PLN Energi Primer Indonesia (PLN EPI).

The 20-year contract encompasses the development of a liquefied natural gas (LNG) carrier, a floating storage and regasification unit, and several onshore regasification sites.

Besides AG&P Indonesia, the consortium includes Suasa Benua Sukses and KPM Oil and Gas.

As part of the plan, AG&P Indonesia and its partners will form a joint venture (JV) with PLN EPI, which will be the customer and co-shareholder of the facility.

The JV will collaborate on the design, financing, construction, ownership, and operations of the LNG import terminal infrastructure and downstream logistics across seven locations in the Sulawesi-Maluku cluster in Indonesia.

The infrastructure development will encompass an LNG carrier, a floating storage and regasification unit, and several onshore regasification sites.

Ultimately, this project will supply LNG to power plants with a total capacity of 1.51 GW.

With a total regasification capacity of 2.3 million tonnes per annum, the Sulawesi-Maluku LNG Cluster is expected to be commissioned in the first half of 2026.

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