Nippon to build RI gas plant

Nippon to build RI gas plant

TOKYO (Nikkei): Nippon Steel Corp. has received two orders for natural-gas development bases from two companies based in Jakarta, Indonesia, totaling Y4.5 billion, the Nihon Keizai Shimbun reported in it Saturday morning edition.

Development of natural resources in Asia slowed following the economic crisis of 1997. However, activity in this area has once again revived on a turnaround in the Asian economies.

Nippon Steel is to build a base off the eastern coast of neighboring Malaysia for the Indonesian arm of Premier Oil PLC, a U.K. outfit. The order is worth Y2 billion.

The company was also to construct a base for the Indonesian unit of the France-based Totalfina group. The construction will take place off the southeast of Kalimantan. The order totals Y2.5 billion.

Nippon Steel is to handle design, manufacturing, installation and trial operation for both bases.