LNG Japan inks LNG pact with Indonesia’s GTSI

LNG Japan Corporation and Indonesia’s GTSI signed a memorandum of understanding to work together on LNG transportation projects in Indonesia.

The joint venture of Japanese trading giants Sojitz and Sumitomo Corporation said in a statement the two companies would work on decarbonization in Indonesia as the country looks to reduce coal dependency.

“LNG Japan, in cooperation with GTSI, will contribute to realization of decarbonization of Indonesia, through its support for gasification by installation of LNG shuttle and LNG floating storage and regasification unit (FSRU),” it said.

The firm did not provide any additional information regarding the deal.

GTSI and LNG Japan are already partners in the Bali coastal LNG shuttle project. The Indonesian firm, owned by Humolco and MOL, has a 51 percent stake in the small LNG carrier Triputra while LNG Japan is a shareholder as well along with other partners.

According to its website, besides LNG Triputra, GTSI owns LNG carrier Ekaputra and operates the 170,000-cbm Jawa Satu FSRU.

This FSRU arrived in Indonesia last year to serve the 1.76GW gas-fired power plant in Karawang Regency in Indonesia’s West Java province.

The vessel works for Jawa Satu Regas, a joint venture consisting of state-owned Pertamina, Japan’s Marubeni, Sojitz, and MOL.

BP’s Tangguh plant, in which LNG Japan is a shareholder, supplies LNG to the FSRU.

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