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Thursday, November 22, 2007

Indonesia gas firm to invest US$400 mln in gas processing plant

Jakarta (ANTARA News/Asia Pulse) - State-owned gas distributor PT Perusahaan Gas Negara (PGN) said it will invest US$400 million to build a gas processing plant with a capacity of 250 million metric standard cubic feet per day (mmscfd) in East Java.

PGN may team up with state electricity company PLN to finance the project, PGN President Sutikno said. Sutikno said PGN and PLN already have met with state minister for state enterprises Sofyan Djalil to discuss the project.

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