* Abadi project to start output in 2018 -Inpex
* Inpex sees final investment decision by end of 2013 (Adds details)
TOKYO Dec 21 Japan's top oil and gas developer, Inpex Corp (1605.T), said on Tuesday it now sees the start of liquefied natural gas (LNG) production from the Inpex-operated Abadi gas field in the Masela block of the Timor Sea in 2018, delayed from the previous plan of 2016.
Indonesia has approved an initial development plan for a liquefied natural gas floating terminal for the project. The floating LNG project will have capacity of 2.5 million tonnes per year, lower than a previously proposed capacity of 4.5 million tonnes. [ID:nL3E6ND0S2
An Inpex spokesman said the final investment decision would be made by the end of 2013.
Inpex has a 90 percent stake in the Masela block in Maluku province while PT Energy Mega Persada (ENRG.JK), a unit of the Bakrie Group, holds the rest. (Reporting by Osamu Tsukimori; Editing by Michael Watson)
Our top photos from the last 24 hours.