Cilamaya FSRU

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Cilamaya LNG Terminal is a proposed LNG terminal in West Java, Indonesia.

Location

The terminal is proposed for Cilamaya in West Java, 110km down the coast from Jakarta.

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Project Details

  • Owner: Jawa Satu Power
  • Parent: PT Pertamina 26%, Humpuss 25%, Marubeni 20%, MOL 19%, Sojitz 10%
  • Location: Cilamaya, West Java, Indonesia
  • Coordinates: -6.2443159, 107.5832748 (approximate)
  • Capacity: 0.6 mtpa, 0.09 bcfd
  • Status: Construction
  • Type: Import
  • Start Year: 2021
  • Financing: Asian Development Bank (ADB), Japan Bank for International Corporation (JBIC), Nippon Export of Investment (NEXI)

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

In 2016 Indonesia’s state-owned electricity company PT Pertamina put out a tender for a fourth floating storage and regasification unit (FSRU) in Indonesia, at Cilamaya in West Java, to import 0.6 mtpa of natural gas.[1]

In February 2017 it was reported that Marubeni of Japan had formed a special-purpose company to build the Jawa 1 project. The SPV, Jawa Satu Power (JSP), will include Sojitz of Japan and PT Pertamina. JSP will build, own and manage a 1,760MW gas-fired power plant, importing LNG using the Cilamaya FSRU. Jawa 1 will be the country’s first integrated power project, scheduled to take in its first LNG cargoes in 2021.[2]

The project, estimated to cost around US$1.8 billion, will be financed by a loan from the Asian Development Bank (ADB), the Japan Bank for International Corporation (JBIC) and Nippon Export of Investment (NEXI). Additionally, a small portion of the funding will come from equity of the SPV consortium.[3]

In December 2018 Pertamina, Marubeni, and Sojitz achieved financial close on the project. The project's investors include Japan Bank for International Cooperation, Nippon Export and Investment Insurance, the Asian Development Bank, Mizuho Bank, MUFG Bank and Overseas Chinese Banking Corporation.[4] In January 2020 it was reported that construction was 62.5% complete.[5]

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