Indonesia’s rising output cuts need for LNG imports

Indonesia's rising output cuts need for LNG importsLNG carrier docked at Tangguh’s jetty (Image courtesy of BP)

Indonesia might not need to import liquefied natural gas (LNG) until 2020 as local production turns out to be better than expected. 

Speaking to the media, Wiratmaja Puja, Indonesia’s director general of oil and gas, said that the country’s production surpassed predictions meaning the country would not need to import LNG in 2019, Reuters reports.

The country’s production was boosted by the higher-than-expected volumes from the Eni-operated Jangkrik that started up in May.

Puja said that, although the project was planned to have a production of 450 million cubic feet per day of natural gas, it could reach up to 600 mcf per day.

He also said that with the expected start-up of Tangguh LNG plant’s third liquefaction train, and additional volumes to be supplied to the Indonesian market, the country might also not need to import the chilled fuel at the end of 2020.

Speaking of Pertamina’s deals with Cheniere, Woodside and ExxonMobil, starting in 2018, 2019 and 2025 respectively, Puja said that these cargoes would be redirected to other markets in Asia, as the country is looking to make the state-owned company a global player.

The company’s vice president for LNG Didik Sasongko, told Reuters the deal with Cheniere could be used to optimize the company’s portfolio, while the deal with Woodside has flexible delivery terms.

In addition, Puja said the country still has some 18 uncommitted cargoes for the current year, while it could average 50 to 60 uncommitted cargoes per year until 2035.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Sep 2017 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

LNG BUNKERING MED

The only 3 day course offering theoretical and practical training on LNG bunkering for the Mediterranean market, the syllabus is accredited…

read more >

International Gas Cooperation Summit (IGCS)

The International Gas Cooperation Summit (IGCS) is a platform for South Africa’s aspirations to build an energy hub for gas cooperation…

read more >

Budapest LNG Summit

Budapest LNG Summit is a niche event focused on the up and coming LNG  region of Central & Eastern Europe (CEE).

read more >

Mozambique Gas Summit & Exhibition

Now in its fourth edition, the Mozambique Gas Summit & Exhibition is recognized as the leading strategic meeting for Mozambique’s gas industry…

read more >