Bumi Armada Berhad signed a nonbinding agreement with PT Pertamina International Shipping and PT Davenergy Mulia Perkasa to develop and commercialise liquefied natural gas from the Madura Gas Field and its surrounding fields.
The agreement will offer a potential for the consortium to design, engineer, construct, install, commission, hook up and operate a floating natural gas liquefaction and storage facility, together with an LNG carrier to transport LNG to consumers who are not proximate to clean energy sources.
The oil and gas company said preliminary discussions have been initiated with several potential off-taker clients and the first
shipment of LNG is anticipated to take place three years after making final investment decision. Gary Christenson, Bumi Armada’s Chief Executive Officer, said: “We are excited to collaborate with Pertamina International Shipping and DMP in this opportunity to bring sustainable and scalable solutions to reduce carbon emissions in Indonesia, which is also in line with Bumi Armada’s recently launched decarbonization agenda to achieve net zero by 2050. This collaboration is a testament to
our strong commitment towards providing the best decarbonization solutions globally.”
