PERTAMINA TO IMPORT US LNG
Indonesia's state owned energy company Pertamina will import LNG from the United States over the next four years to meet rising domestic demand, Jakarta Post reports citing company official.
According to the newspaper report, Pertamian plans to source the fuel from a US supplier for a 10 year period starting 2018.
"We have reached an agreement to buy LNG with a total annual capacity of 800,000 tons for the 10-year period," Pertamina business and marketing director Hanung Budya Yuktyanta said in Ulsan, South Korea.
Hanung said that Indonesia had to import LNG to meet demand because domestic-LNG production had begun to decline due to the depletion of gas reserves, reports Jakarta Post.
He added that the imported LNG would also be used to convert liquefied petroleum gas (LPG).
|December, 15, 13:20:00|
|December, 15, 13:15:00|
|December, 15, 13:10:00|
|December, 15, 13:05:00|
|December, 15, 13:00:00|
|December, 15, 12:55:00|
LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.
BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.
REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.
ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.