“We do not expect to use the new vessel soon as development will take more than three years. It would be faster to use a modified vessel,” Pertamina director for gas Hari Karyuliarto was quoted as saying. He added that the development of the future Cilacap FSRU would be strategic as the area hosted a number of manufacturers, which still used diesel fuel in their operations and that a study on the development of the Cilacap FSRU was half complete.
“This floating facility in Cilacap is like a mini FSRU. We haven’t finished the calculation, but it’s likely around 100 to 150 million standard cubic feet per day [mmscfd] in capacity. The demand for a refinery [in Cilacap] is only 80 mmscfd, but we don’t want it [to operate] at only 80 mmscfd,” Hari said.
Investment for the Cilacap FSRU will be between $60m and $100m, which will be needed only for an onshore receiving facility [ORF] as it will use a leased vessel, according to Hari. The company will also have an option to buy the vessel when the contract — which will be valid for around 25 years — expires.
“The supply of liquefied natural gas, [LNG] will be based on the allocation for the Central Java area,” Hari said.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
