The Japanese exploration and production company Inpex has decided to delay to an unspecified date the final investment decision (FID) on the Abadi LNG project in Indonesia, owing to COVID-19-related work disruptions and adjustments needed due to climate change. The group, which owns a 65% stake in the Masela block in the Timor Sea (35% owned by Shell), planned to start front-end engineering design (FEED) in 2020 but preparatory work for the FEED has been suspended since 2020 due to the pandemic in Indonesia. Inpex remains committed to developing the project
Inpex acquired a 100% interest in the Masela Block in 1998 through an open bid conducted by the Indonesian government. The project includes developing the Abadi gas field in the Masela gas block off the Maluku coast and building a 9.5 Mt/year onshore gas liquefaction plant, gas pipelines and offshore facilities. In December 2020, Inpex reached an agreement with the Indonesian government to develop the US$15-20bn Abadi LNG project. The company then targeted a final investment decision within 2-3 years and LNG production by 2027-2028.
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