Indonesia Offers to Sell 3.3 mln Tonnes of Liquefied Natural Gas

The government is selling the LNG as the country has no receiving terminal to facilitate its distribution to domestic consumers.

Indonesia plans to build a number of floating storage receiving terminals in Java and Sumatra, which are expected to be ready next year.

The surplus has been offered to buyers in China and Thailand, Raden Priyono, head of the upstream oil and gas regulator (BP Migas) said last week.

Buyers from other countries including Japan, South Korea and Taiwan have also indicated interest in buying the LNG.

Indonesia, facing a shortage in domestic supply, is seeking to revise down its long term contract with Singapore for gas transported with pipelines from Sumatra.

The government has also refused to renew some of its long term contracts with foreign LNG buyers to guarantee domestic supply in the future.

Based on ANTARA  materials.