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Main LNG terminals and downstream infrastructure firm, AG&P LNG, majority-owned by Nebula Vitality, has introduced that its subsidiary PT AGP Indonesia Utama (AG&P Indonesia), together with consortium members Suasa Benua Sukses (SBS) and KPMOG, collectively known as the consortium, has gained a big scale 20-year contract for LNG infrastructure from PLN EPI in Indonesia. The tender was awarded to AG&P LNG for the co-development, possession, and operations of LNG import terminal infrastructure and downstream logistics in seven places throughout the Sulawesi-Maluku cluster in Indonesia. The client and co-shareholder on this facility might be PT PLN Energi Primer (PLN EPI), a completely owned subsidiary of PT PLN (Persero) Indonesia.
AG&P Indonesia, together with its Consortium members, will set up a three way partnership (JV) with PLN EPI to collaborate on the design, financing, building, possession, and operations of all offshore and onshore infrastructure throughout the Sulawesi-Maluku cluster LNG terminals. This infrastructure consists of the LNG provider, FSRU, and a number of onshore regasification websites. The intention is to produce LNG and pure gasoline to seven energy vegetation with a cumulative capability of 1510 MW.
Karthik Sathyamoorthy, CEO of AG&P LNG, mentioned: “The Sulawesi-Maluku cluster LNG terminals challenge epitomises Indonesia’s steadfast dedication to LNG-based infrastructure for energy technology and can assist the nation’s general aim to scale back the utilization of liquid gasoline by about 1.7 million kl/y throughout all clusters. AG&P LNG is honoured to companion with PLN EPI on this challenge of nationwide significance, fostering a strong partnership for years to come back.”
Rakhmad Dewanto, Director Fuel and Gas PLN EPI, added: “PLN EPI because the soul of provide of gasoline/LNG for Indonesia’s energy technology is at present growing each portfolio LNG provide and LNG midstream infrastructures for energy sector. We’re enthusiastic about our three way partnership with AG&P LNG and its consortium members. This partnership might be pivotal to the event of LNG midstream infrastructures to Energy cluster challenge in Indonesia, the place Sulawesi-Maluku cluster is the biggest. PLN EPI might be accountable to produce the LNG from its portfolio and belief that the consortium members will ship the challenge well timed in 1H26. This might be a milestone in our nation’s continued transition in the direction of extra dependable and cleaner power.”
Sam Abdalla, CEO of Nebula Vitality and Vice Chairman of AG&P LNG, commented: “We’re thrilled to collaborate with PLN EPI and embark on the event of this huge scale infrastructure funding in Indonesia. Nebula Vitality just lately signed on to membership in Indonesia’s Carbon Seize and Storage Centre (ICCSC) as a expertise supplier. These partnerships with ICCSC and PLN EPI align with our firm’s imaginative and prescient of selling sustainable power growth via international clear power infrastructure investments.”
AG&P LNG has a considerable development pipeline with a complete of six LNG terminals in growth with proposed capability of 25 million tpy throughout a number of worldwide development initiatives. Amongst its LNG terminal challenge portfolio, AG&P LNG is the operator of the primary LNG import and regasification terminal within the Philippines, the Philippines LNG (PHLNG) Import Terminal positioned in Batangas Bay. Earlier this month, on 7 March 2024, AG&P LNG introduced the acquisition of a 49% stake in Cai Mep, a US$500 million absolutely constructed LNG Import Terminal, with a capability of three million tpy, expandable to six million tpy, and one of many solely two current LNG terminals in Vietnam.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/27032024/agp-lng-awarded-20-year-contract-by-pln-epi/
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