Bumi Armada enters partnership to develop, commercialise LNG in Madura gas field

KUALA LUMPUR: Bumi Armada Bhd has entered into a non-binding agreement with Indonesian state-owned PT Pertamina International Shipping and natural gas trading company PT Davenergy Mulia Perkasa to develop and commercialise liquefied natural gas (LNG) from the Madura gas field and its surrounding fields.

In a statement, Bumi Armada said it will collaborate with Pertamina International Shipping to construct and operate a floating natural gas liquefaction and storage facility, together with an LNG carrier to transport LNG to consumers who are not proximate to clean energy sources.