Latest news with #PupukIndonesia
Zawya
21-05-2025
- Business
- Zawya
Mubadala Energy ready to sell south Andaman gas to Indonesia if price is right
TANGERANG, Indonesia - Mubadala Energy would be more than happy to supply all the natural gas to be produced from its south Andaman block for Indonesia's domestic consumption at the right price, a senior executive said on Wednesday. Indonesia wants gas producers to increase supplies to domestic users as demand is rising. However, producers mostly prioritise exports of liquefied natural gas and have asked the government to review price caps on domestic gas, arguing that it does not make good business sense when spot prices for LNG are so much higher. Abdulla Bu Ali, president director of Mubadala Energy Indonesia, told reporters on the sidelines of the Indonesia Petroleum Association conference, that the company was looking at both exports and selling to Indonesia. He said domestic gas prices had to be competitive but declined to give a specific number. The United Arab Emirates explorer expects to start gas production at Tangkulo-1 in its south Andaman block in late 2028. On Tuesday, it signed an initial agreement to supply gas to state fertiliser maker Pupuk Indonesia. Indonesia caps domestic gas prices for certain industries and power plants at $6.50-$7 per million British thermal units (mmBtu). Spot LNG prices in Asia were at $11.75 per mmBtu last week.
Reuters
21-05-2025
- Business
- Reuters
Mubadala Energy ready to sell south Andaman gas to Indonesia if price is right
TANGERANG, Indonesia, May 21 (Reuters) - Mubadala Energy would be more than happy to supply all the natural gas to be produced from its south Andaman block for Indonesia's domestic consumption at the right price, a senior executive said on Wednesday. Indonesia wants gas producers to increase supplies to domestic users as demand is rising. However, producers mostly prioritise exports of liquefied natural gas and have asked the government to review price caps on domestic gas, arguing that it does not make good business sense when spot prices for LNG are so much higher. Abdulla Bu Ali, president director of Mubadala Energy Indonesia, told reporters on the sidelines of the Indonesia Petroleum Association conference, that the company was looking at both exports and selling to Indonesia. He said domestic gas prices had to be competitive but declined to give a specific number. The United Arab Emirates explorer expects to start gas production at Tangkulo-1 in its south Andaman block in late 2028. On Tuesday, it signed an initial agreement to supply gas to state fertiliser maker Pupuk Indonesia. Indonesia caps domestic gas prices for certain industries and power plants at $6.50-$7 per million British thermal units (mmBtu). Spot LNG prices in Asia were at $11.75 per mmBtu last week.
Zawya
20-05-2025
- Business
- Zawya
UAE's Mubadala Energy, Pupuk Indonesia sign initial gas supply deal
TANGERANG, Indonesia - The United Arab Emirates' Mubadala Energy has signed an initial agreement to supply gas to state fertiliser maker Pupuk Indonesia, a spokesperson for Mubadala said on Tuesday. Mubadala Energy will supply 115 million standard cubic feet per day (mmscfd) to Pupuk's methanol plant and 85 mmscfd to its ammonia plant, Paul Slinger said on the sidelines of an industry conference organised by the Indonesia Petroleum Association. The gas is expected to be delivered once production begins at Mubadala Energy's South Andaman Block, with the Tangkulo-1 well expected to start producing in late 2028, Slinger said. Mubadala Energy announced last year that its Tangkulo-1 exploration well had found gas in the South Andaman Block, located around 100 km (62 miles) off northern Sumatra, with a potential of more than 2 trillion cubic feet (tcf) of gas-in-place. It followed another discovery at the Layaran-1 well, within the same block, with the potential for more than 6 tcf of gas-in-place, which analysts said was the world's second-largest deep water discovery in 2023. (Reporting by Bernadette Christina Munthe; Writing by Fransiska Nangoy; Editing by John Mair and Rachna Uppal)
Reuters
20-05-2025
- Business
- Reuters
UAE's Mubadala Energy, Pupuk Indonesia sign initial gas supply deal
TANGERANG, Indonesia, May 20 (Reuters) - The United Arab Emirates' Mubadala Energy has signed an initial agreement to supply gas to state fertiliser maker Pupuk Indonesia, a spokesperson for Mubadala said on Tuesday. Mubadala Energy will supply 115 million standard cubic feet per day (mmscfd) to Pupuk's methanol plant and 85 mmscfd to its ammonia plant, Paul Slinger said on the sidelines of an industry conference organised by the Indonesia Petroleum Association. The gas is expected to be delivered once production begins at Mubadala Energy's South Andaman Block, with the Tangkulo-1 well expected to start producing in late 2028, Slinger said. Mubadala Energy announced last year that its Tangkulo-1 exploration well had found gas in the South Andaman Block, located around 100 km (62 miles) off northern Sumatra, with a potential of more than 2 trillion cubic feet (tcf) of gas-in-place. It followed another discovery at the Layaran-1 well, within the same block, with the potential for more than 6 tcf of gas-in-place, which analysts said was the world's second-largest deep water discovery in 2023.
