Mubadala Energy Targets September FID for Indonesia’s Tangkulo Gas Field

UAE-based Mubadala Energy is targeting a Final Investment Decision (FID) on the Tangkulo gas field development, located in the South Andaman block offshore Aceh, Indonesia, within September 2026. Indonesia’s upstream oil and gas regulator SKK Migas reportedly sent a formal letter to the operator requesting FID confirmation within September, following the outcome of an August […]

Indonesia’s Bumi Etam Chemical Signs FEED and EPCC Contracts for $2.3 Billion Coal-to-Methanol Conversion Plant

A coal-to-methanol conversion plant project with a total investment of $2.3 billion, underway in East Kutai, East Kalimantan, Indonesia, has reportedly signed FEED (Front-End Engineering Design) and EPCC (Engineering, Procurement, Construction and Commissioning) contracts. The project entity is PT Bumi Etam Chemical, with a Phase 1 methanol production capacity of 2 million tons per year […]

Danantara and INA Sign $200 Million Investment Deal for Chandra Asri’s CA-EDC Chemical Plant in Indonesia

Indonesia’s sovereign wealth fund Danantara Indonesia and the Indonesia Investment Authority (INA) have reportedly signed a Conditional Share Subscription Agreement (CSSA) to jointly invest $200 million in Chandra Asri Group’s chlor-alkali-EDC (CA-EDC) chemical plant. The agreement is reported to follow up on a memorandum of understanding (MOU) signed in 2025. The investment target is the […]