KUALA LUMPUR: Globaltec Formation Berhad (GLOTEC) has through one of its subsidiary companies, Dart Energy–Tanjung Enim Pte (DETE), recently obtained the Indonesian government’s environmental impact assessment (EIA) approval for its coal mining operations in South Sumatera, Indonesia.
DETE, a wholly-owned subsidiary of NuEnergy Gas Limited (NuEnergy) which is listed on Australian Securities Exchange Ltd (ASX) obtained the EIA approval for its first plan of development (POD 1) for the Tanjung Enim production sharing contract (PSC) under a gross split scheme (referred to as Tanjung Enim POD I) in South Sumatra.
In a statement issued today, GLOTEC Executive Chairman Tan Sri T.C Goh described the latest development as a significant milestone for NuEnergy, since it entered into the production sharing contract (PSC) on 17 June 2021.
In the initial stage of the said contract, NuEnergy is obligated to sell 1 MMSCFD of natural gas to PT Laras Energy, with the chief aim of meeting the local market demand in South Sumatera. The production of Tanjung Enim POD I was estimated at 25 MMSCFD.
Established in 2016, PT Laras Ngarso Gede is an associated company of PT National Energy Solutions, whose main business is downstream natural gas and related productions. This includes compressing natural gas or liquefied natural gas for distribution to the end users, to meet local demand in South Sumatera, as well as enabling Indonesia to achieve its Low Carbon Development Initiative (LCDI).
NuEnergy is an independent clean energy company that is involved in numerous CBM exploration, development and production endeavours in Indonesia. POD 1 is the first of NuEnergy’s four CMB projects inked under the PSC. The company’s overall long-term plan involved large-scale exploration of CBM covering 2,279 sq km.
Acknowledging that Indonesia is one of the fastest growing economy and energy consumer markets in the world, Goh was optimistic that NuEnergy could play a leading role in boosting energy supply, for both businesses and the people of Indonesia.-pr/BNN
