Service & Supply
CBM Asia Inks Supply Deal for Barito Basin Coalbed Methane
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CBM Asia signed a Memorandum of Understanding (MOU) with PT Navigat Energy to supply up to 5.0 MMscf/d of coalbed methane from its planned production pilot(s) to gas engine power generation project(s) in the Barito Basin, South Kalimantan, Indonesia.
The two parties will proceed to negotiate with PT PLN (Persero), Indonesia's state power supplier, on the sale of power and gas. CBM Asia's role will be limited to gas producer and supplier.
Alan Charuk CBM Asia's President and CEO, commented: "With the signing of Gas-to-Power MOU and the Gas-to-LNG MOU (signed in September), we have established commercial channels for early monetization of up to 55 MMscf/d from pilot production and beyond under Plan of Developments. The quality of our potential gas offtakers, joint venture partners and…
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