Indonesia's Greenfield Gas Projects to Boost LNG Production
Portfolio | Dec 10, 2024 | fitch media ventures
Indonesia's feed gas supplies for LNG production are expected to rise significantly because of new greenfield gas projects between 2024 and 2030, with particular emphasis on Enhanced Gas Recovery (EGR) projects like Ubadari and Vorwata. These developments, expected to add about 40 bcm of natural gas, will aid the Tangguh LNG project. Further support for LNG production will come from the Indonesia Deepwater Projects, with the Bontang LNG plant benefiting from Eni’s Merakes and Jangkrik gas fields. Recent significant gas discoveries in the South Andaman Sea may boost LNG production at the currently idle Arun LNG plant, and further proposals to develop Indonesia's total LNG production capacity to 48.9 mtpa by the early 2030s are underway. Despite potential production increases, LNG exports are not expected to grow proportionally due to Indonesia prioritizing domestic consumption. However, the realization of major projects like Abadi LNG could alter this outlook.
Sectors
- Energy
Geography
- Indonesia – The article discusses Indonesia's efforts to boost its LNG production through new gas projects and highlights domestic priorities affecting export growth.
Industry
- Energy – The article is focused on greenfield gas projects and LNG production, directly engaging with the energy sector, particularly oil and gas.
Financials
- 3 tcf – Estimate of the gas resources to be unlocked by the Ubadari EGR project.
- 28 bcm – Potential natural gas output from the Ubadari Field.
- 8.5 bcm – Additional gas production from the Vorwata EGR project.
- $18 bcm – Expected gas production by the Gehem-Geng North project by 2028.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fitch Media Ventures | Source | Company | A media firm providing insights into the financial and investment landscapes, with a focus on developments like Indonesia's LNG industry. |
| SKK Migas | Regulatory Authority | Government | Indonesia's Special Task Force for Upstream Oil and Gas Business Activities, overseeing approval of development plans for projects. |
| Eni SpA | Operator | Company | An Italian multinational oil and gas company involved in the operation of fields supplying gas to Indonesia's Bontang LNG plant. |
| Mubadala Energy | Operator | Company | Engaged in developing gas projects in the South Andaman Sea, with potential to revive LNG production at the Arun plant. |
| Inpex Corporation | Investor | Company | Part of the consortium looking to realize the Abadi LNG project in Indonesia. |
| Pertamina | Investor | Company | State-owned oil and natural gas corporation in Indonesia, involved in the Abadi LNG project. |
| Petronas | Investor | Company | Malaysian oil and gas company, participating in the Abadi LNG project's development. |
| Genting Berhad | Developer | Company | Developing LNG production capabilities in West Papua through a floating LNG plant. |