Mitsubishi, Korea Gas to Participate in Senoro-Toili Gas Field

Mitsubishi Corporation has invited Korea Gas Corporation as a partner in the Senoro-Toili natural gas field located in Central Sulawesi Province, Indonesia, by transferring 49% of MC's shares in London-based subsidiary Tomori E&P Limited, which owns a 20% working interest in this asset.

 The field will have a major role in supplying natural gas to PT. Donggi-Senoro LNG, which Mitshubishi and KOGAS indirectly own a 59.9% share through a jointly owned holding company.

With KOGAS's participation in the upstream, Mitshubishi and KOGAS will now jointly promote Donggi-Senoro LNG project by being involved in the whole LNG value chain extending from natural gas development to LNG production and sales.

The field began production of crude oil in 2005, and development of natural gas has commenced with the aim of commencing production in 2014.

The natural gas produced at the field will be supplied domestically within Indonesia and also to PT. Donggi-Senoro LNG (approximately 250 million standard cubic feet per day, approximately 1.5 million tons/year LNG equivalent), which will contribute to approximately 75% of the required volumes to produce liquefied natural gas (LNG) that will be exported to Japan and South Korea from the second half of 2014.