Batam, Indonesia – The U.S. Trade and Development Agency today awarded a grant to PT Nusatama Properta Panbil to promote continued economic growth and energy security in Indonesia. USTDA’s targeted investment will fund a feasibility study to evaluate the development of a liquefied natural gas (LNG) receiving terminal, as well as storage and transshipment facilities on Asam Island. USTDA’s engagement will also create export opportunities for U.S. suppliers of LNG technology.
“For decades, USTDA has helped partners like Indonesia plan priority gas infrastructure, and our project will provide critical resources to Western Indonesia and explore expanded options for inter-island gas transportation,” said Thomas R. Hardy, USTDA’s Acting Director.
The proposed terminal and related facilities will receive and process LNG for onward inter-island transportation, pipeline injection, or as a marine bunkering fuel, depending upon the final recommendations of the feasibility study.
“We are a regional company with a vision of becoming an international player, and we hope to work with USTDA and U.S. companies to grow the energy sector in the region,” said Patrick Aritonang, Director of PT Nusatama Properta Panbil. Mahdian, the Chief Financial Officer of PT Nusatama Properta Panbil added: “Panbil has been contributing to the development of Batam for nearly three decades, and we are delighted to receive the confidence, trust and support from USTDA to further develop the energy sector in Indonesia.”
The study is a project of USTDA’s U.S. Gas Infrastructure Exports Initiative and the Administration’s Asia Enhancing Development and Growth through Energy (Asia EDGE), which strengthen energy security and expand energy access in partner countries.
U.S. businesses interested in submitting proposals for the USTDA-funded feasibility study should visit www.ustda.gov/business-opportunities.
The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project preparation and partnership building activities that develop sustainable infrastructure and foster economic growth in partner countries.
Jonathan Wilcox at (703) 875-4357; firstname.lastname@example.org