Indonesian gas producer PT Perusahaan Gas Negara plans to build Liquefied Natural Gas (LNG) receiving terminals in West Java and North Sumatra.
The projects estimated at around $1 billion (662 million), with allocated costs of $100-150 million per unit, with some multiple units.
Around 30% of the budget needed will come from the internal cash flow, with the rest from bank loans.
The company aims to deliver a maximum of 400 million cubic feet a day in additional gas supply from the West Java LNG terminal, and up to 150 million cubic feet a day from the North Sumatra one.
For the West Java project, the company has established a partnership with state oil and gas producer PT Pertamina, and state power utility PT PLN. The projects are expected to start operations in 2012.