Indonesia has commenced construction on the Makassar Strait North Hub, a US$15 billion national strategic project designed to unlock ultra-deepwater natural gas reserves.
The development marks a significant step in the country’s efforts to boost domestic energy security and expand its liquefied natural gas (LNG) export capabilities.
The project, reported by Antara News, focuses on the Makassar Strait, a region with substantial untapped gas potential.
The project, reported by Antara News, focuses on the Makassar Strait, a region with substantial untapped gas potential.
By targeting ultra-deepwater fields, the initiative aims to access resources that have previously been technically challenging to exploit.
The commencement of construction signals a shift from planning to execution for this major infrastructure undertaking.
This development aligns with a broader trend of large-scale gas infrastructure projects globally.