Japanese oil and gas explorer Inpex said it aims to start the tender process for engineering for its Abadi gas project in Indonesia in the middle of this year, as…
Japanese oil and gas explorer Inpex said it aims to start the tender process for engineering for its Abadi gas project in Indonesia in the middle of this year, as Jakarta pledged to remove bureaucratic snags to help expedite the $21 billion development.
The Abadi liquefied natural gas (LNG) project in Indonesia's Masela block has faced years of delays following a request by the previous administration to move the plant onshore from an earlier offshore design, and as the company drew up new development plans to include a carbon storage facility.
Finance Minister Purbaya Yudhi Sadewa on Tuesday chaired a "debottlenecking" meeting with Inpex and its Abadi partners, Indonesia's Pertamina and Malaysia's Petronas, alongside Indonesian officials, to discuss issues faced by the project.
Inpex "has made some good progress" recently, including obtaining approval for an environmental impact study and a forest-use permit, and aims to start the tendering phase for engineering, procurement and construction (EPC) in the middle of this year, Jarrad Blinco, Inpex's Abadi project director, told the meeting.
Finance Minister Purbaya said the government will help remove obstacles to speed up the permitting process, and offered to relax some requirements, including on local content requirements.
"This is important for
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