ENGIE signs its first Jangkrik LNG Sale & Purchase Agreements

abarrelfullabarrelfull wrote on 01 Jul 2015 11:27
Tags: asia engie indonesia lng pertamina

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ENGIE (formerly GDF SUEZ), eni, and Saka Energi signed today in Jakarta two LNG “Sales and Purchase Agreements” for the Jangkrik Development Project with PT Pertamina (PERSERO), the Indonesian largest natural gas transportation and distribution company. Under these agreements, Pertamina will purchase 1.4 million tonnes per annum (mtpa) of LNG starting in 2017.

Gas will be produced from the Jangkrik and Jangkrik North East deepwater gas fields, currently under development under a fast track scheme, to target first gas in 2017. This gas will be partly routed to supply domestic onshore market as a commitment to the Indonesian gas market.

The Jangkrik E&P to LNG project will represent a new source for ENGIE LNG portfolio to supply high growth countries and especially Asia.

Jean-Marie Dauger, Executive Vice-President of ENGIE said: “These agreements mark an important milestone for the Jangkrik Development Project, as the marketing of the gas started. This E&P to LNG project illustrates ENGIE strategy in many ways: the E&P strategy to invest in high potential regions, such as Indonesia and the LNG strategy to supply Asia.”

Jangkrik and Jankgrik North East gas fields are located in the Muara Bakau licence, whose partners are eni (55%-operator), ENGIE (33.333 %) and Saka Energi (11.666 %)

ENGIE in Indonesia

ENGIE is present in two others exploration licences, North Ganal (12.5%) in East Kalimantan since 2011 and Arguni (20%) in West Papua Province since 2015.

Largest independent power producer in Indonesia with a gross operating capacity of 2,035 MW, ENGIE also has geothermal projects under development in Sumatra. In the last two years, the Group strengthened as well its presence in the field of natural gas infrastructures.

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