JAKARTA (Indonesia Today) – Three state banks – PT Bank Negara Indonesia (BNI) Tbk (BBNI), PT Bank Mandiri Tbk (BMRI) and PT Bank Rakyat Indonesia (BRI) Tbk (BBRI) – will jointly fund the development of Train 3 of liquefied natural gas (LNG) in Tangguh, Papua and Donggi-Seonoro in Central Sulawesi.
Felia Salim, BNI’s vice president, said the banks involved in loan syndication for Train 3 LNG project are still waiting expert report from expert who is calculating the risk mitigation.
“We have not yet determined date of signing for financing facility but we are seriously preparing to realize in the near future,” she said.
Rudi Rubiandini, head of Special Working Unit for Upstream Oil and Gas (SKK Migas), said the financing would focus on upstream sector, development of LNG refinery, or LNG sales. “There would be an option to finance all sectors with different propositions,” he said.
Rudi said Donggi Senoro project, excluding Tangguh, will cost around US$54 billion for upstream to downstream development. (ferdi@theindonesiatoday.com)