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Indonesia turns LNG importer with Cheniere supply from Texas terminal

12.05.2013  | 

Pertamina will buy 800,000 mtpy of gas starting 2018 for Indonesia’s domestic market, the company said. The LNG will be delivered to Pertamina’s receiving terminals in Arun and Central Java.

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By CHOU HUI HONG

JAKARTA (Bloomberg) -- PT Pertamina signed its first agreement to import liquefied natural gas (LNG) in a deal to take supplies from Cheniere Energy’s project in Corpus Christi, Texas.

Pertamina will buy 800,000 mtpy of gas starting 2018 for Indonesia’s domestic market, the company said in an e-mailed statement. The LNG will be delivered to Pertamina’s receiving terminals in Arun and Central Java.

“This agreement confirms Pertamina’s commitment in ensuring LNG supplies that are crucial for continuity of the company’s gas and LNG infrastructure projects,” said Hari Karyuliarto, the company’s gas director.

Indonesia’s gas consumption is estimated to grow 3.9 % to 7.2 Bcfd by 2025, mainly due to demand from power generation and industrial users in Java and Sumatra, according to Pertamina.

Cheniere expects the United States Federal Energy Regulatory Commission to approve construction of its Corpus Christi project by mid-2014, Nicolas Zanen, the company’s VP for trading, said in September. The United States company will make a decision whether to build the facility next year, according to Zanen.



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