Jakarta Post: Indonesia Needs $32.42 billion For Gas Infrastructure

Indonesia will need at least US$32.42 billion to finance the development of the country’s national gas pipeline project, which will connect gas fields and gas stations in the country’s major cities.

Figures from the Energy and Mineral Resources Ministry’s oil and gas directorate general show that out of the total amount, as much as $8.5 billion will be needed for pipeline development, $13 billion for construction of gas stations, $8 billion for liquefaction and re-gasification projects, $2.5 billion to establish city gas networks and $420 million for liquefied petroleum gas (LPG) processing and distribution facilities.

“We need investors to help us develop gas infrastructure, such as the pipeline network and mini-LNG [liquified natural gas] plant. We need the mini-plant because our resources are stranded gas,” oil and gas director general IGN Wiratmaja Puja said, referring to gas resources located in remote areas and in relatively small volumes. MORE