Palu SEZ Receives IDR 342 Billion Investment from PT LNG
Palu (ANTARA) - The Palu Special Economic Zone (SEZ) in Central Sulawesi has received an investment commitment worth US$20 million, equivalent to IDR 342.8 billion, from PT Lingkar Nusantara Gas (LNG).
“This investment will focus on building LNG regasification facilities and piped gas networks (jargas) within the zone,” said Director of PT Lingkar Nusantara Gas, Leonard Hastabrata, in a written statement in Palu on Sunday.
He explained that the project is designed to meet the precise energy needs of tenants. Construction of the piped gas network will begin this year, with a target for full completion in 2027.
Meanwhile, further development of the receiving terminal facilities is scheduled to be completed after 2028.
“We are building adaptive infrastructure that follows the locations of the tenants. This is our commitment to providing efficient and reliable energy solutions,” he emphasised.
According to him, to ensure operational continuity, the primary LNG supply will come from the CIMC project in Morowali with an initial capacity of 10 MMSCFD.
As a contingency measure, PT Lingkar Nusantara Gas is also preparing options from one of the independent LNG facilities on Java Island, targeted to operate by the end of 2026 to strengthen energy reserve resilience for the Palu SEZ.
This strategic step was confirmed through the signing of a memorandum of understanding (MoU) in Jakarta between PT LNG and PT Bangun Palu Sulawesi Tengah (BPST), the regional-owned enterprise (BUMD) developing the Palu SEZ. The signing ceremony was also attended by Palu Mayor Hadianto Rasyid.
Hadianto Rasyid warmly welcomed the collaboration. According to him, the investor’s boldness in entering a fundamental sector like energy is a testament to the great potential of Palu City.
“The entry of this investment is a positive signal for our business climate. It shows that Palu has very good space and investment opportunities,” he said.
He hopes that this infrastructure development will act as a magnet to open doors for other future investments.
Furthermore, he stated that a stable energy supply is an absolute prerequisite for industrial zone growth. If energy needs are met, the Palu SEZ will develop further and create a domino effect on broader regional economic growth.
“We chose a partner with a good reputation. PT LNG is currently in the process of acquisition by a renowned multinational company. Coincidentally, we are following and supporting this acquisition process. Therefore, we are optimistic that the resulting technical and commercial standards will meet global industry qualifications,” he said.