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…
Indonesia
Articles from Indonesia
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…
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…
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…
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…
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…
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.
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.
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.
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.