Japan’s Inpex lining up LNG buyers for Masela project in Indonesia – exec

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Japan’s Inpex lining up LNG buyers for Masela project in Indonesia – exec

Japan’s Inpex Corp is lining up gas buyers for its $20-billion Masela LNG plant in Indonesia, as it prepares its Front End Engineering Design (FEED), an executive of its unit told reporters.

* “Currently, when we’re making a list of buyers, of course we also ask them how much they need, their purchasing power etc.” Nico Muhyiddin, vice-president of corporate services of Inpex Masela Ltd said

* The company expects to secure domestic and overseas buyers before 2022, when it makes a final investment decision, he said

* He also said that the buyers were not limited to just Japanese firms

* The gas price will be linked to crude price, he added

* Production from the field — estimated at 9.5 million tonnes of LNG per year and 150 mmscfd of natural gas — is expected to start by 2027-2028

https://www.hellenicshippingnews.com/japans-inpex-lining-up-lng-buyers-for-masela-project-in-indonesia-exec/

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