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2014-04-27 19:27:00

PERTAMINA TO IMPORT US LNG

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).

 

Tags: INDONESIA, LNG, GAS, UNITED, STATES
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Chronicle:

PERTAMINA TO IMPORT US LNG
2018, October, 15, 12:01:00

GAZPROM - SHELL: BALTIC LNG

GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).

PERTAMINA TO IMPORT US LNG
2018, October, 15, 12:00:00

U.S. RIGS UP 11 TO 1,063

BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.

PERTAMINA TO IMPORT US LNG
2018, October, 12, 11:40:00

OIL PRICE: NEAR $81

REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.

PERTAMINA TO IMPORT US LNG
2018, October, 12, 11:35:00

OIL PRICES 2018 - 19: $74 - $75

EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.

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