Genting Concludes Divestment of 5% Stake in Indonesia Floating LNG Project

MT Newswires Live

09/09

Genting (KLSE:GENTING) has completed the sale of a 5% stake in Layar Nusantara Gas to a unit of Rukun Raharja, according to a Tuesday Bursa Malaysia filing.

The divestment was carried out by Genting LNG, which retains a 95% stake.

Layar Nusantara is developing Indonesia's first floating liquefied natural gas vessel, which will take gas produced from the Kasuri block under a production sharing contract.

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