Business
Masela Block LNG Project Kicks Off Under Prabowo Administration After 28 Years
Indonesia's Masela Block LNG development project, conceived 28 years ago and spanning six presidencies, finally broke ground on July 16, 2026, under President Prabowo Subianto. With an investment of approximately $21 billion (around Rp 390 trillion), the project aims to meet domestic energy needs and boost economic growth in eastern Indonesia.
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- Prabowo Officially Inaugurates Masela Block Groundbreaking, US$20 Billion Gas Project Begins
Indonesian President Prabowo Subianto officially inaugurated the groundbreaking for the Masela Block gas field development in Maluku on July 16. This national strategic project, valued at approximately US$20 billion, aims to bolster the nation's energy resilience.