Indonesia starts construction of US$15 billion Makassar Strait North Hub gas project
Indonesia has started construction of the Makassar Strait North Hub, a US$15 billion national strategic project designed to unlock ultra-deepwater natural gas reserves. The upstream regulator SKK Migas said the development is among the largest foreign and domestic investments in the country's energy sector. The project is operated by Searah, a joint venture between Italy's Eni SpA and Malaysia's Petronas. SKK Migas head Djoko Siswanto said the scheme opens opportunities for new technology and for investment in domestic oil and gas fabrication development. He made the remarks during the first steel-cutting ceremony for the project's Floating Production, Storage, and Offloading... [Continue Reading]
Breaking-360LiveNews | 25 Jul 2026 00:30 LONDON
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