CBM Asia to Supply CBM to Indonesia's Navigat Energy

CBM Asia Development Corp. (CBM Asia) on Tuesday announced signing of Memorandum of Understanding (MOU) with PT Navigat Energy to supply up to 5.0 MMscf/d of coal bed methane from its planned production wells to gas engine power generation project in the Barito Basin, South Kalimantan, Indonesia.

PT Navigat Energy is an integrated distributed power project developer in South East Asia focused on the value chain of equipment sales, services, construction and asset ownership of small scale power projects.

The two parties will proceed to negotiate with PT PLN (Persero), Indonesia’s state power supplier, on the sale of power and gas, the company said.

CBM Asia’s role will be limited to gas producer and supplier, it added. 

“With the signing of Gas-to-Power MOU and the Gas-to-LNG MOU (signed in September), we have established commercial channels for early monetization of up to 55 MMscf/d from pilot production and beyond under Plan of Developments,” said Alan Charuk CBM Asia’s President and CEO.

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