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    FSRU for Indonesian Gas Power Project 62.5% Complete

Summary

The FSRU will be integral to the Jawa 1 gas-fired project.

by: Shardul Sharma

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Natural Gas & LNG News, Asia/Oceania, Liquified Natural Gas (LNG), Security of Supply, Gas to Power, Corporate, Import/Export, Investments, News By Country, Indonesia

FSRU for Indonesian Gas Power Project 62.5% Complete

Construction of the floating storage and regasification unit (FSRU) that will serve Indonesia's Jawa 1 gas-fired power project is now 62.5% complete and is ahead of schedule, Pertamina, Jawa-1's operator, said in a statement January 13. The FSRU is being built by Samsung Heavy Industries.

Pertamina is working on the 1.76-GW project in the West Java province with Japanese firms Marubeni and Sojitz through a joint venture called Jawa Satu Power. Pertamina and Marubeni each hold a 40% stake in the venture while Sojitz owns the remaining 20%.

Jawa Satu Power has entered into a long-term power purchase agreement to sell electricity to Indonesian state utility PLN for 25 years. The overall cost of the project is expected to be $1.8bn. This is Asia's first such gas-to-power project where an FSRU, power generation and other gas facilities will be developed in an integrated manner.

The 170,000 m3 FSRU will be placed 14 km offshore in the Cilamaya Sea, east of Jakarta and connected to the power plant via a 21-km pipeline. Japanese shipping firm Mitsui OSK Lines (MOL) has signed a deal for supervision, maintenance and operation services of the FSRU.