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Shell may join Indonesia LNG project-media

Reuters

Shell may join Inpex’s Indonesia LNG project-media

Wed Jan 14, 2009 12:01am EST

TOKYO, Jan 14 (Reuters) – Royal Dutch Shell (RDSa.L) is considering taking part in a project of Japan’s Inpex Corp (1605.T) to build a floating liquefied natural gas (LNG) plant in Indonesia, Japan’s Nikkei business daily said on Wednesday. Inpex, Japan’s biggest oil and gas explorer, is currently the sole operator of the Abadi gas field in the Masela block in eastern Indonesia. It plans to build an LNG train with capacity of 4.5 million tonnes a year and start LNG production from 2016.

Indonesia has agreed to the proposed project, worth an estimated $19.6 billion. [ID:nJAK267038] The Nikkei said Shell has told the Indonesian government it is willing to participate.

Separately, Indonesian state oil firm Pertamina has been seeking a 30 percent participating stake in the project.

An Inpex spokesman said it has not been in talks with any third party including Pertamina and Shell to divest its interests in the project. (Reporting by Osamu Tsukimori)

 

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