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Jakarta Post

RI to sell LNG in spot market as PLN reduces order

  • Stefanno Reinard Sulaiman

    The Jakarta Post

Jakarta   /   Tue, May 21 2019   /  02:38 am

Indonesia will sell 11 cargoes of liquefied natural gas (LNG) in Asia’s spot market after state electricity firm PLN said it was able to buy only six LNG cargoes this year, less than half of the 17 cargoes it initially ordered.The Upstream Oil and Gas Regulatory Task Force’s (SKK Migas) deputy for finance and monetization, Arief Handoko, said recently that PLN had reduced its order for LNG because the company would likely increase its use of coal and maximize the supply of piped gas.“Besides, there’s also a policy that obligates PLN to optimize the use of piped gas before LNG. […] We need to sell it soon to prevent our inventory from being full,” he told reporters last week, adding that the 17 cargoes came from the Badak Natural Gas Liquids (NGL) plant in Bontang, East Kalimantan.The Badak NGL plant is supplied by eight different gas producers, two of which are Italian energy...