BUMI Armada Bhd has signed a non-binding agreement with PT Pertamina International Shipping and PT Davenergy Mulia Perkasa to develop and commercialise liquefied natural gas (LNG) from the Madura gas field and its surrounding fields.

The partnership aims to construct a floating LNG liquefaction and storage facility, along with an LNG carrier to transport LNG to areas lacking clean energy sources.

PT Davenergy Mulia Perkasa is dedicated to advancing Indonesia’s LNG market and supporting the nation’s net-zero aspirations.

Preliminary discussions with potential off-taker clients have begun, and the first LNG shipment is expected to occur three years after the final investment decision.

The collaboration aligns with Bumi Armada’s commitment to decarbonization and achieving net-zero emissions by 2050. – TMR