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Indonesia unlikely to import gas until 2020

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LNG Industry,

Reuters are reporting that Indonesia is unlikely to need to import natural gas until at least 2020 due to strong production at home.

The Southeast Asian nation has ramped up gas consumption targets in recent years for environmental reasons, and plans to subsidise natural gas for industrial buyers.

Pertamina has an agreement however to buy LNG from US-based Cheniere Energy Inc from 2018.

Indonesia is looking for buyers for 16 to 18 uncommitted LNG cargoes for this year.

An average of 50 to 60 of uncommitted cargoes per year is expected until 2035.

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