The Chinese company Wison New Energies and Malaysia’s Genting Berhad have signed a US$963m Engineering, Procurement, Construction, Installation and Commissioning contract for the development of a 1.2 Mt/year floating LNG (FLNG) facility, which will be deployed in Indonesia's West Papua region. The FLNG facility is scheduled for completion by the third quarter of 2026.
Wison will construct the facility at its shipyards in Nantong and Zhoushan, China. Feed gas for the floating facility will be supplied from the Asap, Merah and Kido structures within the Kasuri gas block concession area, where gas was first discovered in 2011. Of the gas in the Kasuri block, 230 mcf/d (2.4 bcm/year) of gas will go to the FLNG facility for 18 years, while 101 mcf/d (1 bcm/year) will be supplied to an ammonia and urea plant to be built in West Papua for 17 years.
In 2023, Indonesia had a liquefaction capacity of over 25 Mt/year and a regasification capacity of 11 Mt/year. It exported over 9 Mt of LNG in 2023.
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