(EnergyAsia, October 28, Wednesday) — The Indonesian government has approved plans by Japan’s Inpex Holdings Inc to build a US$10-billion floating liquefied natural gas (LNG) plant.

 Indonesian state-owned gas and oil giant Pertamina is seeking a 30% stake in the 4.5-million-tonne-per-year plant which is expected to be completed in 2016.

 Inpex is currently the sole operator of the giant Abadi field in eastern Indonesia which is estimated to contain more than 10 trillion cubic feet of natural gas reserves.