National Company Prioritized to Manage Masela Blocks

By : Aldo Bella Putra | Tuesday, August 01 2017 - 11:18 IWST

5166
5166

INDUSTRY.co.id - Jakarta - The Ministry of Energy and Mineral Resources (ESDM) prioritizes national companies to become buyers and manage gas in Masela Block.

"The government will prioritize national companies to be purchasers of gas production of Masela Block," said Deputy Minister of Energy and Mineral Resources (EMR), Arcandra Tahar through a written statement received by the Editor in Jakarta, Tuesday (1/8/2017).

In his explanation Arcandra expects many enthusiastic national companies to manage Masela's block. Furthermore, Arcandra said the government is optimistic to immediately get this gas buyer Masela.

"The target is three months ahead, there are already some (potential buyers)," he said.

According to Arcandra, one of the obstacles faced is the price of gas. "One of the obstacles is the price of gas, and we're seeing how good the price is," he added.

In addition to who will later become the off taker of Masela gas production, Arcandra said the issue of extending downstream is no less important.

The gas product is expected to not only end up being Liquefied Natural Gas (LNG). Arcandra exemplifies some possible derivative products are petrochemical and fertilizer products.

"We are extending this gas chain not only to LNG, but also to petrochemicals or fertilizers, the longer the better," he said.

"As long as the gas is picked up in order to extend downstream, this is also downstream, making the gas into ethanol or possibly later to polyethylene and polypropylene," says Arcandra.

News Comment

Today's Industry

Oleg Mogilevsky - Product Marketing Manager at Check Point Software Technologies (Photo by Linkedin)

Selasa, 10 November 2020 - 11:00 WIB

Five Reasons to Reevaluate Your Endpoint Protection

With the new emerging threats caused by remote working standards, security professionals need to reevaluate their approach to protecting endpoints. In order to do so, it’s vital that organisations…

Darrell Adams, Head of Southeast Asia & Oceania, Universal Robots (Photo by LinkedIn)

Selasa, 10 November 2020 - 10:30 WIB

Collaborative Robots Open New Horizons in Quality Control Processes

Collaborative robots (cobots) offer suitable solutions to manufacturers. Hence, cobot-based quality control and inspection systems that can transition between different end products in very…

Ilustration Hackers (Photo by Microwire.info)

Jumat, 30 Oktober 2020 - 11:20 WIB

Organisations Paid Hackers US$23.5 Million for These 10 Vulnerabilities in One Year

HackerOne report reveals cross-site scripting, improper access control, and information disclosure top list of most common and impactful vulnerabilities.

Clean Earth Technologies (CET)

Jumat, 30 Oktober 2020 - 10:30 WIB

Clean Earth Technologies’ New Class Of Polymers Invented By Associate Professor, Justin Chalker, Receives Australian Pm’s New Innovator Award

Associate Professor Justin Chalker has invented a novel class of polymers synthesised directly from elemental sulphur which is a waste by-product of the petrochemical industry and renewable…

Adi Ikan - Network Research & Protection Group Manager, at Check Point Software Technologies (Photo by Linkedin)

Jumat, 30 Oktober 2020 - 10:05 WIB

Measuring the Global Impact of the NSA’s Top 25 Vulnerabilities Being Exploited In the Wild

NSA’s list of top vulnerabilities were used to launch 3 million attacks in 2020, with 2.5 million of those attacks occurring in the last 6 months.