ENGIE signs its first Jangkrik LNG Sale & Purchase Agreements
ENGIE (formerly GDF SUEZ), eni, and Saka Energi signed today in Jakarta two LNG “Sales and Purchase Agreements” for the Jangkrik Development Project with PT Pertamina (PERSERO), the Indonesian largest natural gas transportation and distribution company. Under these agreements, Pertamina will purchase 1.4 million tonnes per annum (mtpa) of LNG starting in2017.
Gas will be produced from the Jangkrik and Jangkrik North East deepwater gas fields, currently under development under a fast track scheme, to target first gas in 2017. This gas will be partly routed to supply domestic onshore market as a commitment to the Indonesian gas market.
The Jangkrik E&P to LNG project will represent a new source for ENGIE LNG portfolio to supply high growth countries and especially Asia.
Jean-Marie Dauger, Executive Vice-President of ENGIE said: “These agreements mark an important milestone for the Jangkrik Development Project, as the marketing of the gas started. This E&P to LNG project illustrates ENGIE strategy in many ways: the E&P strategy to invest in high potential regions, such as Indonesia and the LNG strategy to supply Asia.”
Jangkrik and Jangkrik North East gas fields are located in the Muara Bakau licence, whose partners are eni (55%-operator), ENGIE (33.333 %) and Saka Energi (11.666 %)
ENGIE in Indonesia
ENGIE is present in two others exploration licences, North Ganal (12.5%) in East Kalimantan since 2011 and Arguni (20%) in West Papua Province since 2015.
Largest independent power producer in Indonesia with a gross operating capacity of 2,035 MW, ENGIE also has geothermal projects under development in Sumatra. In the last two years, the Group strengthened as well its presence in the field of natural gas infrastructures.
ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation, security of supply and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE employs 152,900 people worldwide and achieved revenues of €74.7 billion in 2014. The Group is listed on the Paris and Brussels stock exchanges (GSZ) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).