Indonesia Wants $14 Billion Inpex Gas Plant Built On Remote Isle
- Company wants to build floating LNG terminal instead
- OPEC member aims to develop local economy, president says
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Indonesia wants Inpex Corp. to build the delayed $14 billion Masela gas project on a remote eastern island instead of offshore, to help local economic development.
The move, announced by President Joko Widodo on Wednesday, comes after the company said last week it would cut its workforce in Indonesia by as much as 40 percent due to government delays on deciding what to do with the project. Japan’s Inpex, which wants an offshore facility, declined to comment on the decision, Usman Slamet, a spokesman, said by phone message.