Largest Chinese-built FSRU Delivered
PaxOcean’s Zhoushan Shipyard has delivered a 26,000m3 floating storage and regasification unit (FSRU) Karunia Dewata to Indonesia-based Jaya Samudra Karunia (JSK). The FSRU is the largest to be built in China and will be capable of regasifying around 50 million standard cubic feet per day.The project marks a milestone for China's growing gas shipping industry and will help increase the development of Indonesia’s gas supply chain, where the unit will be based. The unit is also the first FSRU that PaxOcean has built.
Coastal Contracts Buys Stake in Indonesian LNG Supply Chain
Malaysian offshore service provider Coastal Contracts is tapping into the growing liquefied natural gas (LNG) supply chain in Indonesia with the purchase of a 49% stake in T Jaya Samudra Karunia for US$6.55mil (RM27mil), reports the Star. Coastal Contracts has signed an MoU with PT. Jaya Samudra Karunia Internasional (JSK), PT. Jaya Samuda Karunia Gas (JSK Gas) and Yudha Kurniawan Tanos. JSK core business is in Indonesia’s coal transporation sector. Given the huge potential in Indonesia’s liquefied natural gas (LNG) market, JSK has ventured into the LNG supply chain. Coastal Contracts will acquire 215 JSK Gas shares from JSK and Yudha for US$6.55mil or US$30,476 per share. When completed, JSK Gas will issue 1,500 new shares at US$14.19mil or US$9,465 per share to Coastal Contracts.
Indonesia to Open Mini LNG Terminal in March
Indonesia's first mini liquefied natural gas (LNG) terminal, considered an ideal concept for a gas terminal an archipelago, is set to start operations in March, supplying 40 million standard cubic feet per day (mmscfd) of gas to Bali’s Pesanggaran power plant. PT Pelindo Energi Logistik (PEL) is aiming to see operations at its Benoa liquefied natural gas (LNG) terminal kick off by March, delivering LNG from Bontang in East Kalimantan to Pesanggaran power plant in Denpasar, Bali. PEL, a subsidiary of state-owned port operator Pelindo Indonesia III, has signed a contract with Jaya Samudra Karunia Group (JSK Group) to operate the Benoa LNG terminal, consisting of a floating regasification unit (FRU) and a floating storage unit (FSU).
