Pertamina enters India

Pertamina enters India

BOMBAY (AFP): U.S. firm Coastal Corp. has agreed with Indonesia's state-owned oil and gas company, Pertamina, to develop liquefied natural gas (LNG) import projects in India, the Asian Age daily said Tuesday.

It said the Houston-based energy firm would develop gas receiving terminals, natural gas pipelines and gas-fired combined cycle power projects in India.

Pertamina would transport gas from new and existing sources in Indonesia to supply fuel to the coastal projects, it added.

Pertamina chief executive Faisal Abda'oe said: "India represents an important new market for Indonesian LNG.

"Coastal Corp. brings commercial and technical expertise necessary to help Pertamina expand its LNG presence in the growing Indian market."

Coastal Corp. chief David Arledge added: "We believe Pertamina and Coastal can develop innovative solutions to establish liquefied natural gas as environmentally-friendly, competitively- priced fuel."