{
    "success": true,
    "data": {
        "id": 1863904,
        "msgid": "prabowo-masela-gas-megaproject-worth-rp-390-trillion-to-boost-national-development-1784209969",
        "date": "2026-07-16 20:05:05",
        "title": "Prabowo: Masela Gas Megaproject Worth Rp 390 Trillion to Boost National Development",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Energy",
        "summary": "President Prabowo Subianto has officiated the groundbreaking of the long-delayed Masela gas project in the Tanimbar Islands, Maluku. The US$20.9 billion (Rp 390 trillion) project, developed by Inpex, Pertamina, and Petronas, is expected to produce 9.5 million tonnes of LNG annually. The launch marks the end of nearly three decades of deadlock over the development concept, with the government hailing it as a crucial step for energy security and downstreaming.",
        "content": "<p>President Prabowo Subianto has officiated the groundbreaking of the\ngiant Abadi Field gas project in the Masela Block, located in the\nTanimbar Islands, Maluku. The President stated that the US$21 billion\nproject is expected to support the nation\u2019s development agenda. \u201cThis\nproject has an investment of US$20.9 billion, nearly US$21 billion, and\nwill produce 9 million tonnes of gas (LNG), condensate and so on, so\nthis will greatly help the Indonesian nation carry out development,\u201d\nPrabowo said during the ceremony via video conference from the State\nPalace in Jakarta. Prabowo explained that Indonesia is pushing a\ndownstreaming agenda across all sectors, which requires large energy\nsources. He noted that Indonesia is fortunate to possess substantial\nenergy resources amidst a world full of danger. \u201cNow Indonesia has\nsufficient resilience, we have anticipated, we have steps to bring\nIndonesia into a good state,\u201d he said. The President also expressed his\nappreciation to Inpex Corporation CEO Takayuki Ueda, who attended the\nceremony, and admitted he was impressed by Ueda\u2019s command of the\nIndonesian language. The Abadi LNG Project is being developed by Inpex\nMasela Ltd alongside Pertamina and Petronas. It is designed to produce\n9.5 million tonnes of LNG per year, channel 150 MMSCFD of domestic\npipeline gas, and produce approximately 35,000 barrels of condensate per\nday. Energy and Mineral Resources Minister Bahlil Lahadalia reported\nthat the project had been initiated 28 years ago and handled by six\nIndonesian presidents, but only under President Prabowo\u2019s administration\nhas the megaproject been executed. Bahlil noted that the project had\nbeen mired in lengthy debates over an onshore versus offshore\ndevelopment concept. Following the President\u2019s directive to expedite\nexecution, a first warning letter was sent to Inpex. The investment is\nestimated at US$20.95 billion, equivalent to nearly Rp 390 trillion.\nInpex Masela Ltd holds the largest participating interest in the block\nat 65 percent. The remaining 35 percent stake, previously held by Shell,\nwas acquired by Pertamina Hulu Energi and Petronas in 2023. The Abadi\nField is a deep-water gas field with Indonesia\u2019s largest gas reserves,\nlocated about 160 kilometres off Yamdena Island in the Arafura Sea, with\nan estimated potential of 6.97 trillion cubic feet of gas. The\ndevelopment concept includes deep-water drilling, subsea facilities, a\nfloating production storage and offloading unit, and an onshore LNG\nplant, with the potential to absorb up to 10,000 workers.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/prabowo-masela-gas-megaproject-worth-rp-390-trillion-to-boost-national-development-1784209969",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}