EWC 9.09% 1.2¢ energy world corporation ltd

“ Now PLN are essentially confirmed as the monopsony buyer for...

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    “ Now PLN are essentially confirmed as the monopsony buyer for gas on Sengkang and have a
    brownfield site for expansion. “

    This raises the question again of why was the LNG plant targeted for closure and what is its future role ?

    The last item installed was a gas metering station on the pipeline right before the LNG plant.

    There were lines drawn on a map during the Dongghi Senoro LNG build indicating a pipeline to send Sengkang gas to Dongghi Senoro which is direct competitor of Sengkang LNG project. The lines appeared close to the coast rather than more inland. Whether this still exists as an intention is not known.

    There were other ‘distractions’ given as reasons, such as the land use issue and the field proving issue, but neither appear to be the real reason, especially the land use issue.

    Notably EWC did not have an Indonesian family partner to wield influence as Dongghi Senoro has, and now Bakrie have been applied as a gas field partner, which begs the question are they interested in the LNG plant and to what extent.

 
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