Skip to main content

BP reaches LNG supply agreement with Indonesian state electricity firm

Published by , Editor
LNG Industry,


According to Reuters, BP has reached an agreement to supply PT Perusahaan Listrik Negara – the Indonesian state electricity firm – with 16 LNG cargoes annually from 2020 to 2035 from the Tangguh project.

Reportedly, SKKMigas chief Amien Sunaryadi said in a statement that the agreement was reached at the Indonesian Petroleum Association Convention and Exhibition 2017, in addition to five other domestic sale agreements.

Sunaryadi added that the government is expected to receive US$5 billion in LNG sales revenue during the contracts’ period.

Reuters reports that Indonesian LNG producers have seen growing uncommitted LNG cargoes in recent years, during an expansion of cheap gas production worldwide, and a ‘sluggish development of domestic LNG consumption’.

Read the article online at: https://www.lngindustry.com/lng-shipping/17052017/bp-reaches-lng-supply-agreement-with-indonesian-state-electricity-firm/

You might also like

Fratelli Cosulich launches first bunkering vessel

Fratelli Cosulich has announced that the christening and launch of the first of its two small scale and bunker vessels took place on 22 March 2023, at the CIMC Sinopacific Offshore & Engineering shipyard in China.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

LNG project news LNG export news LNG import news