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
Energys project in Corpus Christi,
Pertamina will buy 800,000 mtpy of gas starting 2018 for
Indonesias domestic market, the company said in an
e-mailed statement. The LNG
will be delivered to Pertaminas receiving terminals in
Arun and Central Java.
This agreement confirms Pertaminas commitment in
supplies that are crucial for continuity of the companys
gas and LNG
infrastructure projects, said Hari
Karyuliarto, the companys gas director.
Indonesias 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
Cheniere expects the United States Federal Energy Regulatory
Commission to approve construction of its Corpus Christi
project by mid-2014, Nicolas Zanen,
the companys VP for trading, said in September. The
United States company will make a decision whether to build the
facility next year, according to Zanen.