TEMPO.CO, Jakarta – Indonesia's President Prabowo Subianto said the Abadi Masela liquefied natural gas (LNG) project is a major national strategic project that has been awaited for nearly three decades before entering its construction phase.
"This Abadi Masela strategic project is extremely important. We have waited for this project for almost three decades. Alhamdulillah, today we are starting its development," Prabowo said during the virtual groundbreaking ceremony from the Merdeka Palace in Jakarta on Thursday.
Prabowo instructed that the project’s construction proceed according to schedule to ensure it delivers benefits to the public and strengthens Indonesia’s energy security.
"The development must not face delays. It must be completed as quickly as possible," he said.
Prabowo Highlights Energy Potential in Maluku
Prabowo said Indonesia has abundant energy resources that must be optimized to support the country’s future development.
He pointed to the energy reserves in Tanimbar, Maluku, as an example of Indonesia’s vast potential, noting that the resources had been identified decades ago.
"We have known for 28 years that the waters of Tanimbar in Maluku contain very large energy reserves," Prabowo said.
The president also expressed appreciation to all parties involved in developing the project, including Japan’s INPEX, Malaysia’s Petronas, and state-owned energy company Pertamina.
US$20.9 Billion LNG Project
The Abadi Masela LNG project, developed by INPEX Masela Ltd. in partnership with Pertamina and Petronas, has an estimated investment value of around US$20.9 billion.
The government expects the project to become one of Indonesia’s largest energy hubs in eastern Indonesia while strengthening national energy resilience, creating jobs, and supporting more balanced economic development across the country.
The project is located in the Masela Block in the Arafura Sea, Maluku, and is part of Indonesia’s National Strategic Projects (PSN) in the energy sector.
Click here to get the latest news updates from Tempo on Google News
Why Investors Are Suddenly Fleeing Indonesia
6 jam lalu
Indonesia, one of Asia's biggest economies, risks losing its emerging-market status as President Prabowo Subianto's spending plans rattle investors.
Prabowo Aide Explains Why TNI Is Authorized to Protect Prosecutors
22 jam lalu
Presidential aide Hasan Nasbi said Prabowo's regulation allowing TNI protection for prosecutors aims to ensure uninterrupted law enforcement
Prabowo to Appoint New Special Crimes Prosecutor This Week
1 hari lalu
President Prabowo is set to appoint a new special crimes prosecutor this week after Febrie Adriansyah resigned amid a corruption probe.
How Prabowo Intervenes in Police-AGO Conflict
1 hari lalu
President Prabowo summoned the Attorney General and Police Chief to the palace after AGO official Febrie Adriansyah was named a graft suspect.
Prabowo Pays Tribute to Former Qatar Emir Sheikh Hamad
1 hari lalu
Prabowo visited the Qatar Embassy in Jakarta to express condolences following the death of former Qatar Emir Sheikh Hamad bin Khalifa Al Thani.
Prabowo Receives Proposal for Febrie Adriansyah's Successor: Who Is He?
1 hari lalu
Prabowo receives a recommendation for Febrie Adriansyah's successor as Jampidsus as the AGO prepares a leadership reshuffle.
Maluku Police Tighten Security Ahead of Prabowo's Masela Block Visit
1 hari lalu
Maluku Police are finalizing security for President Prabowo Subianto's July 16 visit to launch the Masela Block strategic gas project.
Purbaya Acknowledges Early Setbacks in Indonesia's Free Meals Program
1 hari lalu
Indonesian Minister Purbaya acknowledges the challenges faced in the initial stages of implementing the Free Nutritious Meals (MBG) program.
Iran Invites President Prabowo to Visit Tehran, MPR Speaker Says
2 hari lalu
Iran has invited President Prabowo Subianto to visit Tehran after Indonesian officials attended the funeral of former Supreme Leader Ali Khamenei.
LGBTQ Culture Designated as a Non-Military Threat
2 hari lalu
The President designated LGBTQ culture as a nonmilitary threat. The move stirred debate across social media.
