Japan's Inpex Corporation has submitted to the Indonesian government a revised Plan of Development (POD) for the Abadi LNG Project in the Masela Block in the Arafura Sea off Indonesia.
The revised POD is based on an onshore LNG development scheme with an annual LNG production capacity of 9.5 million tons.
The submission of the revised POD follows a series of dialogues between the authorities and INPEX, as the operator of the project on behalf of the Joint Venture (INPEX Masela and Shell Upstream Overseas) to secure the Project’s competitiveness through a Heads of Agreement (HOA) signed with authorities on June 16, 2019.
“The submission of the revised POD for an onshore LNG development scheme based on the Heads of Agreement signed on June 16, 2019 is a major milestone for the Project. INPEX anticipates that the revised POD will be approved at an early stage, after which the company will work in partnership with Shell toward reaching FID and ultimately commencing production, with the cooperation of the Government of Indonesia,” said Shunichiro Sugaya, president of Inpex Masela.
In April 2016, the authorities instructed INPEX to resubmit a POD for the Project, based on an onshore LNG development scheme.