Risco Energy, Chart in Indonesian LNG equipment pact

Singapore-based independent Risco Energy has teamed up with US LNG equipment maker Chart Industries to support the growing Indonesian gas-to-power sector.

The duo signed the pact in the second quarter of this year.

Under the deal, Chart will provide LNG equipment such as storage tanks, ISO containers, trailers, mobile equipment, and fueling stations.

Risco is an active gas infrastructure provider to PT Perta Gas Niaga, a unit of Indonesian state-owned energy firm Pertamina.

The two have cooperated since 2018 to supply gas infrastructure for the state power company’s PLN requirements.

These include locations in Kalimantan, Central and Eastern Indonesia.

Risco said in a statement the new deal comes as a response to Pertamina’s and PLN plans to boost gas power across the island nation.

The company says Chart’s equipment would allow it to meet the growing demand and offer distribution packages to its customers.

The firm plans to buy hundreds of Chart’s logistic support tanks over the next two years.

The purchase plans also include “large volumes” of ground storage tanks, it said.

Risco already operates LNG logistic facilities at Sambera in East Kalimantan and has previously conducted deliveries to Papua.

Sambera hosts a small-scale storage and regasification plant which receives fuel by trucks from Pertamina’s Bontang LNG terminal.

Risco delivered over 1 million mmbtu of LNG in ISO tanks to PLN in the first year of operations at Sambera, it said.

Most Popular

Malaysia’s MHB bags new LNG carrier repair jobs

Malaysia Marine and Heavy Engineering (MHB) has secured new contracts to repair liquefied natural gas (LNG) carriers.

BW upgrades LNG carrier

Oslo-based BW LNG, a unit of Singapore’s gas shipping giant BW, is upgrading its 2019-built LNG carrier BW Pavilion Aranda with a sub-cooler.

Samsung Heavy bags orders for six LNG carriers

South Korean shipbuilding giant Samsung Heavy Industries has secured contracts worth $1.54 billion to build six liquefied natural gas (LNG) carriers.

More News Like This

Baker Hughes to buy Chart in $13.6 billion deal

US energy services firm Baker Hughes has entered into a definitive deal to buy compatriot LNG equipment maker Chart Industries. The transaction is worth $13.6 billion.

LNG Alliance picks Chart’s liquefaction tech for Amigo LNG project

LNG Alliance has selected Chart Industries to supply its process technology and modular liquefaction solution for the planned 7.8 mtpa Amigo LNG export facility in Guaymas, Sonora, Mexico.

South Africa’s Renergen awards contract for 2nd phase of helium and LNG project

Renergen, the operator of a small liquefied natural gas plant in South Africa, has selected US-based Chart Industries and two other partners for the second phase of its helium and LNG project.

Chart, Flowserve agree $19 billion merger

US LNG equipment maker Chart Industries and compatriot Flowserve have entered into a definitive agreement to combine in an all-stock merger of equals. The combined company is expected to have an enterprise value of about $19 billion.