Japanese Companies Invest $18 Billion in Indonesia's Oil and Gas Sector

BANGALORE, INDIA--September 16, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Japan is keen to strengthen its trade relations with Indonesia in the oil and gas sector. Several Japanese companies have plans to invest in liquefied natural gas (LNG) projects in the country, which is among the world's largest exporters of LNG. Inpex Holdings Incorporated (TYO:1605) (Tokyo), Japan's largest oil and gas exploration company, will build a floating LNG plant to develop gas from the Masela Block off the island of Arafura in the Timor Sea. In another recent development, the $115.5 million Itochu Corporation (TYO:8001) (Osaka-shi, Japan) has announced that it has set aside $4 billion for investment in six projects in Indonesia