“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Friday, January 09, 2009

Indonesia agrees to Inpex $19.6 bln LNG plant proposal

By Muklis Ali, Reuters, Thu Jan 8, 2009 12:09pm GMT  

JAKARTA, Jan 8 (Reuters) - Indonesia has agreed to a proposal by Japan's Inpex Holdings Inc (1605.T) to build a floating liquefied natural gas (LNG) plant, a project worth an estimated $19.6 billion, a senior energy ministry official said on Thursday. 

"In principle we have agreed to Inpex proposal but we are still evaluating the economic value of the project," Evita Legowo, the director general of oil and gas at energy ministry told reporters. 

Inpex, which made the proposal in May, estimates there are more than 10 trillion cubic feet of natural gas reserves in its Abadi field in the Timor Sea, potentially one of Indonesia's biggest fields. 

If confirmed, it would make the project the second-biggest new gas field after the Tangguh project in Papua, which has combined reserves of 14.4 tcf. 

"We hope to give the approval in March or April. The plant is expected to produce LNG in 2016," Legowo said. 

Indonesia's energy watchdog BPMIGAS has said previously that Inpex will build one LNG train with capacity of 4.5 million tonnes a year. 

Indonesia is pushing oil and gas companies to accelerate exploration and production, as production from its ageing fields has dwindled, and it wants to reduce expensive imports. 

The Japanese firm is currently the sole operator of the Abadi gas field in the Masela block in eastern Indonesia. Indonesian state oil firm Pertamina is seeking a 30 percent participating stake in the project. 

Pertamina wants to expand its upstream activities and is looking at several potential gas fields in the country, in addition to Inpex's field in the Timor Sea, to boost its gas reserves and production. 

Indonesia, the world's number-three LNG exporter after Qatar and Malaysia, is increasing its use of energy sources such as natural gas to reduce oil use because of high prices and dwindling domestic supply. 

(Reporting by Muklis Ali; Editing by Sara Webb)

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