Indonesia attracts foreign investments for liquefied natural gas project

Indonesia attracts foreign investments for liquefied natural gas project

Indonesia is becoming an important nation for many country's foreign oil and gas investments, particularly from Japan.

Mitsubishi Corp.'s large Indonesian liquefied natural gas project, the Donggi-Senoro LNG project, has caught the eye of foreign investors. Sumitomo Mitsui Financial Group Inc. is leading a group of Japanese and Korean banks in loaning Mitsubishi $1.5 million to complete the plant, according to a press release.

Mitsubishi owns 45 percent of the LNG facility, which is set to begin operations by the middle of 2015. It is anticipated to have an annual capacity of 2 million tons.

Japan and Korea are not the only country investing in Indonesia. Companies from Taiwan and Russia have all shown interest in projects in the nation.

Indonesia is becoming an important nation for many country's foreign investments, particularly Japan, according to The Jakarta Post. Japan's financial investments in Indonesia took up 16.4 percent of the market share in the beginning of this year, and this amount is expected to increase, according to global risk mitigation and response business, Kroll. Japan is often seen as one of Indonesia's economic partners, and has been one of the nation's top four investors since 2006.

More information on oil and gas production in Indonesia can be found at PennEnergy's research area.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs