Exxon confirms talks on plant using Natuna gas<\/p>\n
SINGAPORE (AP): Exxon Corp. of the United States confirmed
\nyesterday it is in talks to build a power plant to be fueled by
\nnatural gas produced by Indonesia's Natuna field.<\/p>\n
"Discussions are under way with the government of Indonesia
\nregarding an inter-related project to construct electric power-
\ngenerating facilities fueled by gas from the Natuna field,"
\naccording to a prepared statement from a Jakarta-based Exxon
\nspokesman.<\/p>\n
The spokesman wouldn't comment further.<\/p>\n
Indonesian Research and Technology Minister B.J. Habibie told
\nreporters Tuesday that Exxon and Mobil Corp. are expected to sign
\na joint venture contract with Indonesian interests to build a
\npower plant fueled by Natuna gas.<\/p>\n
Habibie said the proposed plant in West Java would be linked
\nto the Natuna field by a 1,000-kilometer (621-mile) pipeline. The
\nplant is expected to begin operations in 2004 with an initial
\ngenerating capacity of 4,000 megawatts, building to 8,000
\nmegawatts by 2006, he said.<\/p>\n
Exxon is project leader and holds a 50 percent stake in
\ndevelopment of the US$40 billion Natuna field, located in the
\nSouth China Sea. Mobil holds 26 percent stake, and Indonesia's
\nstate gas and oil company Pertamina holds the remainder.<\/p>\n
The field contains an estimated 46 trillion cubic feet of
\nrecoverable natural gas. No supply contracts for Natuna gas have
\nbeen signed, but Pertamina is holding talks with potential buyers
\nfrom Thailand and Japan, among others.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/exxon-confirms-talks-on-plant-using-natuna-gas-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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