SURABAYA: Energy World Corporation, Ltd., Australia's oil and gas sector investor, committed an investment of USD500 million to build energy-based oil and gas projects in East Java.
The plan is that foreign investment will be used to build the processing facilities Sodium Liquid Gas (LNG) power plant and the construction of 300 mega watts of power which will be located in the district of Lamongan.
Governor of East Java, Soekarwo provide positive appreciation with Australia's plan of foreign companies who will invest their funds and energy to oil and gas projects in the region.
"This [foreign investing their large-value] is certainly very encouraging for Java, so it is not wrong if Java is a highly prospective area for foreign investment. Hopefully it will trigger the entry of other oil and gas sector investment into its territory, "said Soekarwo told reporters, after receiving the Energy World Corporation, Ltd., at the State Building Grahadi, Surabaya, Tuesday (04/10/2011).
In the meeting also made the signing of a memorandum of understanding on oil and gas investment Energy World Corporation, Ltd., in East Java East Java Governor Soekarwo between the Chief Executive Officer (CEO) Energy World Corporation, Ltd. Stewart Elliott.
Soekarwo explain investors from Australia that plans to build an LNG processing facility in the District. Lamongan. "At this early stage there are plans to invest USD100 million for LNG refinery project in Lamongan. East Java provincial government has set up about 100 hectares of land for the project realization. "
Total World Energy Investment Corporation, Ltd. in East Java, said Soekarwo, amounting to U.S. $ 500 million. "Other projects such as construction power plant with a capacity of 300 MW of electrical energy," he said.
Data collected by Business, Energy World Corporation Ltd. is an energy company headquartered in Hong Kong which is a public company listed on the Australian and New Zealand. The company is moving the gas sector and power plants, one of the locations of gas exploitation in Indonesia located in Sengkang, South Sulawesi.(*)
The plan is that foreign investment will be used to build the processing facilities Sodium Liquid Gas (LNG) power plant and the construction of 300 mega watts of power which will be located in the district of Lamongan.
Governor of East Java, Soekarwo provide positive appreciation with Australia's plan of foreign companies who will invest their funds and energy to oil and gas projects in the region.
"This [foreign investing their large-value] is certainly very encouraging for Java, so it is not wrong if Java is a highly prospective area for foreign investment. Hopefully it will trigger the entry of other oil and gas sector investment into its territory, "said Soekarwo told reporters, after receiving the Energy World Corporation, Ltd., at the State Building Grahadi, Surabaya, Tuesday (04/10/2011).
In the meeting also made the signing of a memorandum of understanding on oil and gas investment Energy World Corporation, Ltd., in East Java East Java Governor Soekarwo between the Chief Executive Officer (CEO) Energy World Corporation, Ltd. Stewart Elliott.
Soekarwo explain investors from Australia that plans to build an LNG processing facility in the District. Lamongan. "At this early stage there are plans to invest USD100 million for LNG refinery project in Lamongan. East Java provincial government has set up about 100 hectares of land for the project realization. "
Total World Energy Investment Corporation, Ltd. in East Java, said Soekarwo, amounting to U.S. $ 500 million. "Other projects such as construction power plant with a capacity of 300 MW of electrical energy," he said.
Data collected by Business, Energy World Corporation Ltd. is an energy company headquartered in Hong Kong which is a public company listed on the Australian and New Zealand. The company is moving the gas sector and power plants, one of the locations of gas exploitation in Indonesia located in Sengkang, South Sulawesi.(*)
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