Bumi Armada in Madura gas tie-up

Bumi Armada said preliminary discussions have been initiated with several potential off-taker clients.

KUALA LUMPUR: Bumi Armada Bhd has entered into a non-binding agreement with Indonesian state-owned PT Pertamina International Shipping (PIS) and natural gas trading company PT Davenergy Mulia Perkasa (DMP).

The partnership will involve the development and commercialisation of liquefied natural gas (LNG) from the Madura gas field and its surrounding fields.