Jakarta - PT Rukun Raharja Tbk (RAJA) is preparing four new projects with an investment value of US$34 million.

RAJA Director for Development Sumantri Suwarno said the four projects were the addition of a new gas pipeline and gas trading customers in Riau, the acquisition of a compressed natural gas (CNG) master station in Cikarang, Jambi Tengah Jebung Block, and the development of a CNG base station project in Grobogan.

"The CNG Cikarang base station is estimated to be around US$15-20 million, while the acquisition of the CNG Cikarang base station is approximately US$8 million, the Jebung Block is around US$1 million, and the CNG Grobogan base station is around US$5 million, he said in public expose in Jakarta yesterday.

According to Sumantri, the Riau project pipeline is about 16 kilometers long and 8 inches wide. This project has a capacity of 20 MMSCFD.

The Jabung Block project is estimated to complete the joint study in December 2022