CBM Asia Development Corp. has signed a non-binding Memorandum of Understanding (MoU) with a Multinational Gas Company (MGC) to conduct a technical and market study (Study) of a CBM-to-LNG facility(s) with a potential capacity of up to 50 MMcf/d in South Kalimantan, Indonesia.
As specified under the MoU CBM Asia's responsibilities are;
To conduct a commercial analysis on the CBM development strategy required to meet the proposed LNG facility capacity.
To produce a technical study to determine gas production schedule, reserve certification and natural gas delivery points.
MGC's responsibilities are;
To conduct market analysis on the demand for LNG.
To undertake infrastructure study on construction of the LNG facility(s) and related logistical groundwork.
Each party is responsible for its own costs in relation to the Study.