Bumi Armada to explore development commercialisation of LNG from Madura Gas Field

Bumi Armada Bhd (Bumi Armada) announced the signing of a non-binding agreement with PT Pertamina International Shipping (Pertamina International Shipping) and PT Davenergy Mulia Perkasa (DMP) to develop and commercialise liquefied natural gas (LNG) from the Madura Gas Field and its surrounding fields, offshore Indonesia.

In a statement, it said, by leveraging the expertise and experience of its potential consortium members, it is anticipated that Bumi Armada and Pertamina International Shipping will design, engineer, construct, install, commission, hook up and operate a floating natural gas liquefaction and storage facility, together with an LNG carrier to transport LNG to consumers who are not proximate to clean energy sources.

Bumi Armada’s chief executive officer Gary Christenson said: “We are excited to collaborate with Pertamina International Shipping and DMP in this opportunity to bring sustainable and scalable solutions to reduce carbon emissions in Indonesia, which is also in line with Bumi Armada’s recently launched decarbonization agenda to achieve net zero by 2050. This collaboration is a testament to our strong commitment towards providing the best decarbonization solutions globally.”

DMP is dedicated to advancing Indonesia’s LNG market while actively contributing to the nation’s growth. This commitment is reflected through the delivery of reliable and sustainable energy solutions that support the nation’s netzero aspiration.

Preliminary discussions have been initiated with several potential off-taker clients and the first shipment of LNG is anticipated to take place three years after making final investment decision.