UPDATE 1-Inpex delays Indonesia LNG output start by 2 years
* Abadi project to start output in 2018 -Inpex
* Inpex sees final investment decision by end of 2013 (Adds details)
TOKYO Dec 21 (Reuters) - 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)
- Tweet this
- Share this
- Digg this
- Ukraine, Russia, EU likely to agree gas supply deal Thursday - officials
- St James's Place outperforms as FTSE stages late rally
- U.S. nurse defies Maine's Ebola quarantine, takes bike ride |
- Barclays sets aside 500 million pounds for FX fines as profits rise |
- Shell outpaces peers with profit growth, keeps spending