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Jakarta Post

Indonesia plans to export LNG to Pakistan, Bangladesh

  • News Desk

    The Jakarta Post

Jakarta   /   Thu, January 18, 2018   /   03:28 pm
Indonesia plans to export LNG to Pakistan, Bangladesh State-owned energy firm Pertamina delivers its first LNG cargo with a volume of 2 billion British thermal units (bbtu) from the Mahakam block in East Kalimantan to a floating storage and regasification unit (FSRU) operated by PT Nusantara Regas in West Java on Jan. 4. (JP/Ben Latuihamallo)

Deputy Energy and Mineral Resources Minister Arcandra Tahar has said Indonesia plans to export liquefied natural gas (LNG) to two South Asian countries — Pakistan and Bangladesh — with the trading values at about US$6 billion for each country.

Arcandra said in Jakarta on Wednesday the LNG export would be decided during the visit of President Joko “Jokowi” Widodo to the countries in the near future.

“The sale purchase agreement is expected to be signed during the visit. It is what is being discussed in the ministry,” he said as reported by Antara, adding that the export volume reached between 1 and 1.5 million tons per annum.

In the implementation, state-owned energy firm Pertamina will cooperate with its counterpart in Bangladesh (Petrobangla) and its counterpart in Pakistan (Pakistan LNG Limited).

The contract agreement is to be designed in 10-year terms each.

 The LNG export plan to the two countries is a follow-up of a memorandum of understanding between Pertamina and the two companies. (bbn)