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.

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