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Charter Signing Establishes First LNG Regasification Terminal in Indonesia, First FSRU Project in SE Asia

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HONG KONG, May 4, 2011 -- PT Nusantara Regas is scheduled to begin operating Indonesia’s first floating LNG regasification terminal next year, after executing a time charter for a floating storage and regasification unit (FSRU) with Golar LNG Energy on April 20, 2011. The terminal will be Southeast Asia’s first floating LNG facility outside Dubai.

The FSRU will be able to store around 125,000 cubic meters of LNG and deliver up to 500 million cubic feet of regasified LNG through PT Nusantara Regas’s 15 km pipeline, fuelling power plant owned and operated by Indonesian national power company, PLN.

Baker Botts acted for PT Nusantara Regas, a joint venture between Indonesian state oil company, Pertamina, and gas company, PGN. Among the many legal issues the project confronted, the project was the first of its kind to have been implemented under Indonesia’s new cabotage regime.

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