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ECONOMY > Energy

Indonesian minister expects INPEX to make LNG investment decision in 2022

  • October 10, 2019
  • , Nikkei , p. 10
  • JMH Translation

Indonesia’s Energy and Mineral Resources Minister Ignasius Jonan, who is now visiting Japan, sat down for an interview with the Nikkei. He touched on a major liquefied natural gas development project promoted by INPEX Corporation in Indonesia and said: “I want the company to make an investment decision in 2022 and begin production in 2027. The government will provide full support.” The minister also said, “The local government will hold a 10% stake,” expressing hope that the LNG project will give back to the local community.

 

INPEX and the Indonesian government reached a basic agreement in June to annually produce 9.5 million tons of LNG through the Abadi project. The investment amount is expected to be two trillion yen and INPEX plans to begin production in the latter half of the 2020s. (Abridged)

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