Humpuss to form FSRU JV with Exmar

Indonesia-based shipping service provider Humpuss Intermoda Transportasi signed a deal with Belgium’s Exmar to cooperate on an FSRU development.

Both sides agreed to form a joint venture for the development to supply demand that originates from a consortium formed by Pertamina, Sojitz and Marubeni. This project will require about US$400 million in investment.

The signing of the agreement was witnessed by Indonesian Vice President Jusuf Kalla, Indonesian Coordinating Minister for Human Development and Cultural Affairs Puan Maharani, Indonesian Foreign Minister Retno Marsudi, Indonesian Chamber of Commerce and Industry (Kadin) Chairman Rosan Roeslani as well as Deputy Prime Minister and Minister of Foreign Affairs and European Affairs Didier Reynders, and President of the Federation of Enterprise in Belgium Bernard Gilliot.

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