Inpex’s (TYO:1605) proposed Abadi liquefied natural gas (LNG) plant in the Masela Block offshore Indonesia, which has long struggled to gain traction, has been delayed even further with a final investment not targeted until the latter half of this decade. Significantly, the project looks increasingly unlikely to be developed.
Inpex’s managing executive director Daisuke Yamada told a news conference yesterday that Japan’s biggest oil and gas explorer hopes to start production early in the 2030s, if a final investment decision is taken in the second half of this decade.
