{
    "success": true,
    "data": {
        "id": 1967570,
        "msgid": "akra-targets-lng-facility-in-jiipe-gresik-to-commence-operations-by-2029-1788872839",
        "date": "2026-09-08 18:52:25",
        "title": "AKRA Targets LNG Facility in JIIPE Gresik to Commence Operations by 2029",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Business",
        "summary": "PT AKR Corporindo Tbk aims to launch its floating storage and regasification unit (FSRU) in the Java Integrated Industrial and Ports Estate (JIIPE) by the second half of 2029. The company has already signed a shipbuilding contract with Hyundai Heavy Industries and has allocated significant capital expenditure to expand its utility and energy infrastructure.",
        "content": "<p>PT AKR Corporindo Tbk (AKRA) is targeting its liquefied natural gas\n(LNG) floating storage and regasification unit (FSRU) facility at the\nJava Integrated Industrial and Ports Estate (JIIPE) in Gresik to begin\noperations in 2029.<\/p>\n<p>\u201cWe expect to reach the commercial operation date (COD) in the second\nsemester of 2029,\u201d stated AKRA\u2019s Head of Investor Relations, Ignatius\nTeguh Prayoga, during a press conference at the 2026 Public Expose Live\nin Jakarta on Tuesday.<\/p>\n<p>Ignatius noted that the construction of the facility is intended to\nsupport the industrial estate and its surrounding areas. Several\ncollaborations are underway for this development, including partnerships\nwith BP Gas &amp; Power and BW LNG VII Pte. Ltd., a subsidiary of BW LNG\nGlobal.<\/p>\n<p>\u201cRegarding the progress, at the beginning of July, we signed a\nshipbuilding contract with Hyundai Heavy Industries to construct a\n170,000 cubic metre FSRU,\u201d said Ignatius.<\/p>\n<p>AKRA has allocated Rp1 trillion in capital expenditure (capex) to\ndevelop terminals across Java, Kalimantan, and Sulawesi, as well as to\ncomplete utility facilities within the JIIPE in Gresik. Of the allocated\nRp1 trillion, Rp546 billion has already been realised in the first\nsemester of 2026.<\/p>\n<p>During the event, AKRA Corporate Secretary Arum Pawestri Handayani\nstated that the company plans to develop and monetise JIIPE through land\nsales, port activities, and increased utility demand.<\/p>\n<p>\u201cWe will also develop our next growth drivers, including industrial\nutilities, port services, natural gas and LNG infrastructure, solar\nenergy, retail petroleum, and aviation fuel,\u201d said Arum.<\/p>\n<p>The development of JIIPE and the expansion of utility services\nrepresent two of the company\u2019s three main priorities.<\/p>\n<p>Arum added that the third priority is to strengthen the fuel and\nbasic chemicals trading and distribution business through selective\nvolume growth, supply reliability, and network optimisation.<\/p>\n<p>\u201cAmid geopolitical dynamics, energy and commodity price volatility,\nchanges in global supply chains, and demands for efficiency, AKRA\nrecognises that customer needs will continue to evolve,\u201d Arum\nconcluded.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/akra-targets-lng-facility-in-jiipe-gresik-to-commence-operations-by-2029-1788872839",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}