LNG in line for some of $200 million PGN pot

Perusahaan Gas Negara of Indonesia has set aside $200 million to cover the financing of projects including LNG terminals this year.

Regasification facilities in North Sumatra and West Java could be in line for a claim on the capital expenditure cash, PGN director Wahid Sutopo told the Jakarta Globe.

PGN has a 40% shareholding in the 3 million tonnes per annum West Java LNG terminal being developed by compatriot gas outfit Pertamina in Jakarta Bay.