Super Energy faces lawsuit over canceled mini LNG project

By Romel S. Gurky

IDX-listed gas distributor PT Super Energy Tbk (IDX: SURE) and its subsidiary PT Sumber Aneka Gas (SAG) are facing a civil lawsuit filed by PT JGC Indonesia (JIND) in the South Jakarta District Court, the company announced on Tuesday, May 13, 2025.

The lawsuit, submitted on May 9, 2025, seeks joint compensation from Super Energy and SAG totaling over US$ 5.27 million. The claims include:

  • US$ 1.59 million for costs allegedly incurred by JIND for initial work based on a Letter of Intent dated April 15, 2021, and
  • US$ 3.67 million in damages for the termination of a mini LNG plant project owned by SAG, which had been planned for execution by JIND.

Super Energy stated that it considers the claims to be entirely without merit. In response, the company and its subsidiary have also filed a counterclaim against JIND for damages amounting to approximately Rp 5.53 trillion (around US$ 343 million), also registered with the South Jakarta District Court.

Super Energy announced in March 2023 that SAG was in the process of constructing a  mini LNG plant in Tuban, East Java, with completion expected by end of 2025.  The LNG plant will have a capacity to process 12 MMCFD of gas. The plant will get gas from the Tuban block operated by Pertamina Hulu Energi Tuban East Java (PHETEJ).

Read also: Super Energy signs GSA for E. Java gas supply

Japanese firm Tokyo Gas Asia has 33.4 percent stake in SURE and 45 percent in SAG.

Super Energy previously announced in March 2023 that SAG was developing a mini LNG plant in Tuban, East Java, with a planned processing capacity of 12 million standard cubic feet per day (MMCFD) and targeted completion by the end of 2025. The plant will be supplied with gas from the Tuban block operated by Pertamina Hulu Energi Tuban East Java (PHETEJ).

Japanese firm Tokyo Gas Asia holds a 33.4 percent stake in Super Energy and a 45 percent stake in SAG.

In a separate announcement on January 17, 2025, Super Energy confirmed that SAG had secured a gas supply allocation from the Sumber Field in the Tuban Working Area. SAG signed a Gas Sale and Purchase Agreement (GSPA) with PHETEJ on January 15, formalizing the supply of 71.01 billion standard cubic feet (BSCF) of natural gas through to December 31, 2036. The gas will be used to support domestic industrial demand.

Editing by Reiner Simanjuntak

              

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