A $100-billion pipeline project from Indonesia to Texas is poised to be a boon for American oil companies, as the U.K.-based energy drink maker hopes to tap a new wave of Asian customers.
Alani Energy Inc., the world’s largest energy drink manufacturer, said Thursday it has signed a contract to buy a 75-million-barrel-a-day (mmbd) pipeline that will bring liquefied natural gas from Indonesia and liquefies it at a plant in Texas.
The deal was announced in January.
Alani said it plans to use the pipeline to transport crude oil from the Indonesian port of Surabaya to the Texas-based Exxon Mobil Corp. refinery in Galveston, which has about 40,000 employees.
“This project is part of our commitment to diversify our supply chains, build new markets and expand our customer base in Asia,” Alani Chief Executive Officer Paul Brouwer said in a statement.
The company has said it expects to invest $10 billion in the project, which it will use to export liquefaction from Surabayan to Gulf Coast refineries.
Alamag Energy, the company that makes the Alani Energy Drink, said in January it would invest $20 billion in a liquefier terminal in India.