Indonesia

Structural Growth, Expiring Term Contracts Expected to Support Asian LNG Buying in 2024

Structural Growth, Expiring Term Contracts Expected to Support Asian LNG Buying in 2024

Asian LNG buyers continue to snap up cheap cargoes as a mild winter in Europe has left storage inventories there high and more vessels are diverting to the region. But as spot prices move higher, buying activity is already slowing.  As temperatures have increased in the last week in North Asia, “we seem to be…

April 9, 2024
Indonesia OKs New Plan for Inpex’s Long-Delayed Abadi LNG Project

Indonesia OKs New Plan for Inpex’s Long-Delayed Abadi LNG Project

Japan’s Inpex Corp. has received government approval for the long-delayed Abadi natural gas production and LNG project in eastern Indonesia, which includes plans for carbon capture and sequestration (CCS) facilities. With Indonesia’s rising domestic natural gas consumption and dwindling production, the country has been keen to develop its untapped resources to meet both international and…

December 26, 2023
First LNG from Indonesia’s Tangguh Train 3 Expansion Targeted for Mid-September

First LNG from Indonesia’s Tangguh Train 3 Expansion Targeted for Mid-September

First LNG production from the Tangguh Train 3 project is targeted to start next month after several years of delays, according to Indonesia’s energy regulator SKK Migas. SKK Migas spokesperson Hudi Suryodipuro told news media last week that first LNG from the train is expected in the second week of September. The BP plc-led project…

August 31, 2023
Indonesia Could Limit LNG Exports to Preserve Domestic Supplies

Indonesia Could Limit LNG Exports to Preserve Domestic Supplies

Indonesia may prohibit new LNG export contracts and contract renewals in the future to divert gas to meet domestic industrial demand, a government official said. “We have been exporting LNG for many years, but now we need it, as it turns out. We don’t want to export anymore,” Indonesia’s Coordinating Maritime Affairs and Investment Minister…

June 6, 2023
Indonesia Energy Sees Natural Gas Potential in ‘World Class’ Sumatra Block

Indonesia Energy Sees Natural Gas Potential in ‘World Class’ Sumatra Block

Jakarta-based exploration and production company Indonesia Energy Corp. Ltd. (IEC) sees potential gas production starting next year from its Kruh-28 well on the island of Sumatra. “We believe that the Kruh Block is a world class asset and, in order to maximize future production capability, we have commenced on our program of conducting seismic operations…

March 27, 2023

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight China’s LNG imports from the United States surged to 340,000 tons in May, according to Bloomberg. That’s up from 211,000 tons in April, when exports left the United States for China for the first time in more than a year after trade tensions ease.  Wood…

June 30, 2020
Inpex, Shell Granted Extension to Develop Indonesia’s Abadi Offshore Natural Gas Field

Inpex, Shell Granted Extension to Develop Indonesia’s Abadi Offshore Natural Gas Field

The Indonesian government has granted Japanese oil major Inpex Corp. and Royal Dutch Shell plc an extension to develop the massive offshore Abadi natural gas field.

October 18, 2019

Indonesia Natural Gas Discovery Estimated at 2 Tcf-Plus, Says Repsol

Repsol SA and its partners are claiming the largest natural gas discovery in Indonesia in 18 years and among the 10 largest finds worldwide in the past year, a find that could limit the need for imports in the future.

February 20, 2019

SPAs for Anadarko-Led Mozambique LNG Accelerating

Indonesia’s state-owned Pertamina on Tuesday became the latest buyer to step up to support the Anadarko Petroleum Corp.-led Mozambique natural gas export project, agreeing to take 1 million metric tons/year (mmty) for 20 years.

February 19, 2019

Indonesia to Rejoin OPEC in December

After a seven year absence, Indonesia will reportedly rejoin the Organization of the Petroleum Exporting Countries (OPEC) in December.

October 16, 2015
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