Indonesia Plans $1.7 Billion Liquefied-Natural-Gas Terminals Project

BANGALORE, INDIA--June 19, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Indonesia's state-owned gas distribution firm, PT Perusahaan Gas Negara (Persero) Tbk (PGN) (JAK:PGAS) (Jakarta, Indonesia), plans to undertake a $1.78 billion project to construct three liquefied-natural-gas (LNG) regasification terminals in East Java, West Java, and Medan, North Sumatra, to address the growing demand for LNG in the islands. PGN will secure funds for the project from the company and through international loans. Construction of the terminals is scheduled to commence by the end of 2008 and will continue until 2011. Operating and maintenance contracts will last from the fourth quarter of 2011 to 2016.