Ashurst LLP advised PT Perusahaan Gas Negara
("PGN") in relation to its agreement with a
consortium comprising Höegh LNG Holdings Limited and PT Rekayasa
Industri for the development of the Medan LNG floating storage and
regasification facilities ("FSRF") in North
Under the agreement, Höegh LNG will provide PGN with an FSRU and a
mooring offshore Belawan, Medan, North Sumatra, with Rekayasa
constructing and commissioning a 22km pipeline to link the FSRF to
the onshore transmission network. The FSRU charter party will have
a term of 20 years with options to extend. This is the first
agreement of this duration in the FSRU market and the vessel will
be the first purpose-built FSRU in Indonesia and in Asia.
The Ashurst team was led by energy partner Philip Thomson and counsel
supported by senior associates Tom Hiew and Giles Ashman and
associate Rebecca Wilcock, all of whom are based in Ashurst's
Oentoeng Suria &
Partners, fielding a team led by senior foreign counsel
Sean Prior and
supported by Avinash Panjabi, Pramu Priyandono and Indra
Dwisatria, advised PGN on Indonesian law issues.
Philip Thomson commented:
"This is a landmark project for the Indonesian energy sector and
for the regional LNG industry. We are delighted to have been able
to make a contribution to the project's success."
Daniel Reinbott added:
"Execution of this long term FSRF agreement confirms that PGN is at
the forefront of LNG regasification terminal development in
Indonesia (and the region) and its commitment to contributing to
the diversification of Indonesia's energy sources."