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2016-08-31 18:40:00

MALAYSIAN - INDONESIAN LNG

MALAYSIAN - INDONESIAN LNG

NGW wrote, Malaysian offshore support vessels fabricator Coastal Contracts sees robust growth in Indonesia's LNG regasification and storage services market and is optimistic about its entry into that fast growing sector, the company said August 29.

On July 30, Coastal Contracts announced its entry into the Indonesian LNG supply chain with the signing of a MoU to buy a 49% stake in Jaya Samudra Karunia Gas (JSK Gas) for ringgit 27mn ($6.6mn). JSK's key business segments include dry bulk shipping, transshipment, gas, mining and valves manufacturing.

In recent years, given the huge potential in Indonesia LNG market, JSK has ventured into the LNG supply chain. Recently, it was awarded the LNG re-gasification and storage contracts to support a gas-fired power plant in Bali, Indonesia. Following the successful completion of the deal, Coastal Contracts would have joint control over JSK Gas's operating subsidiaries and assets. JSK Gas, through its 99% owned subsidiary Benoa Gas Terminal (BGT), would be engaged in the operations and transfer of a floating LNG regasification unit over a five-year contract period.

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Earlier:

MALAYSIA: 

SOUTHEAST ENERGY WAR 

MALAYSIA: THE SECOND-LARGEST OF LNG 

SHELL OPENS MALAYSIA 

EXXON SELLS MALAYSIA

 

INDONESIA: 

IRAN & INDONESIA AGREEMENT 

INDONESIA STARTS OUTPUT 

INDONESIA & BP: 10,000 JOBS 

INDONESIA HAS CLAIMS 

WBG WANTS INDONESIA

 

LNG: 

THE LARGEST LNG IMPORTERS 

GLOBAL LNG UP 2.5% 

LNG PROJECTS DOWN 

LNG MARKET: TRENDS AND OUTLOOK

 

 

 

 

Tags: MALAYSIA, INDONESIA, LNG
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