I recall that, on 6 Oct 2011, EWC signed a MOU with the Provincial Government of East Java. The proposal is for a LNG receiving terminal etc for 3mtpa capacity and, in the second phase an expansion of this receiving terminal and a 300MW power station.
Is there a link between this project and PLN’s reference to the supply of 70mcfd from Sengkang destined for eastern Indonesia?
EWC Price at posting:
35.0¢ Sentiment: ST Buy Disclosure: Held