Jakarta (ANTARA News/Asia Pulse) - Inpex Corporation of Japan is planning to invest nearly US$4 billion in an Indonesian gas project, the Upstream Oil and Gas Regulatory body (BP Migas) reported today.
Inpex plans to develop an offshore gas block in the Arafura Sea, around 800 kilometers northeast of Kupang, and a liquefied natural gas plant to process the gas, BP Migas chief Kardaya Warnika said.
The company has been asked to submit its plan of development to build an LNG plant and to develop the Marsella block, which is estimated to have a gas reserve of 10 trillion cubic feet. The floating LNG plant would have a production capacity of at least 3.5 million tons a year.
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