Indonesia approves US$3b development plan for South China Sea gas block

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Indonesia approves US$3b development plan for South China Sea gas block
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The Tuna field, located in the South China Sea between Indonesia and Vietnam, is expected to reach peak production of 115 million standard cubic feet per day (MMSCFD) in 2027. theSun theSundaily Indonesia SouthChinaSea gas development

: Indonesia has approved the first plan of development for the Tuna offshore gas field with total estimated investment of US$3.07 billion up to the start of production, upstream oil and gas regulator SKK Migas said on Monday .

Natural gas from Tuna field, which is operated by a local unit of London-listed Harbour Energy, is expected to be exported to Vietnam starting in 2026, Indonesia's energy minister has previously said. “There will be activity in the border area which is one of the world’s geopolitical hot spots,“ Dwi said in a statement.

Energy activities in the South China Sea have in recent decades been held hostage by disputes over which country has sovereign rights, with work by Vietnam, Malaysia and the Philippines in their exclusive economic zones disrupted by Chinese coast guard or marine surveillance vessels.

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