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Marubeni and Pertamina sign LNG agreement

LNG Industry,

Marubeni Corporation and PT Pertamina have signed a Memorandum of Understanding (MoU) regarding cooperation for a new gas-fired IPP (Independent Power Producer) and gas related infrastructure business in Indonesia.

The two companies will perform a comprehensive feasibility study for the proposed project, including assessment of the gas-fired power plant and gas related infrastructure such as the gas transmission pipeline, a receiving terminal for liquefied natural gas (LNG), and a small scale LNG receiving terminal business.

If the project is confirmed as viable and an agreement is reached, Marubeni and Pertamina will proceed with the plan.

Strategic partnership

The relationship between the two companies will combine Pertamina’s knowledge and track record in Indonesia’s oil and gas development and supply and Marubeni’s know-how in the plant business such as power and gas related infrastructure.

In a statement released by the company, Marubeni explained: “Marubeni and Pertamina’s plan is for the sponsors to establish a value chain flow from the ‘upstream’ of gas exploration and production, to ‘midstream’ of gas transmission and storage, and ‘downstream’ of power generation.”

Adapted from press release by Katie Woodward

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