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ELPI Secures IDR 395.2 Billion Loan from Bank Mandiri for Genting FLNG Project in Papua

NATURAL GAS

PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) has secured a total investment credit facility of IDR 395.2 billion from PT Bank Mandiri for vessel procurement related to the Genting FLNG project. The facility comprises two tranches: IDR 280 billion for immediate vessel procurement and IDR 115.2 billion pending conditions. The vessels are expected to be completed by Q3-Q4 2028 and leased for 18 years, with a contract value of IDR 2.39 trillion.

Feb 26, 2026, 6:00 AM

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