Pertamina Will Supply Three Million Ton LNG to Pakistan and Bangladesh

By : Hariyanto And Aldo Bella Putra | Thursday, January 18 2018 - 18:00 IWST

LNG (Hariyanto/
LNG (Hariyanto/ - Jakarta - The Indonesian government through PT Pertamina (Persero) plans to disburse 3 million tons of Liquefied Natural Gas (LNG) to the two southern Asian countries, namely Pakistan and Bangladesh.

This decision will be discussed further when President Jokowi will make a working visit to the country in the near future.

"More intensive exploration, if it can fit the President (visiting) there can be up to Sales Purchase Agreement (SPA) .Obviously one of the agenda of ESDM discuss cooperation," said Vice Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar in Jakarta, Wednesday (17/1/2018).

Arcandra explained that each country will receive LNG supply from Pertamina about 1 to 1.5 million tons per year (Million Ton Per Annum / MTPA) with an estimated value of US $ 6 billion. "The trading value of each of these up to US $ 6 billion was the data I received," said Arcandra.

Later, the LNG export process that Pertamina will work with the red plate company of Bangladesh (Petrobangla) and Pakistan (Pakistan LNG Limited). The commitment contract between Pertamina and the two countries will last for 10 years.

This export policy is a follow up of the Memorandum of Understanding (MoU) agreement that has been previously signed between Pertamina and the two countries.

News Comment

Today's Industry

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…

PT Sariguna Primatirta Tbk (Tanobel Group)

Jumat, 13 Mei 2022 - 15:45 WIB

Demand Increases, CLEO Recorded IDR307.7 Billion Sales in Q1-2022

PT Sariguna Primatirta Tbk (Tanobel Group), a public company and manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, recorded a 30% increase in sales reaching IDR307.7…

TopWorx DX PST with HART 7 monitors and tests valve assemblies, providing detailed data and diagnostics and enabling the digital transformation of process applications.

Jumat, 13 Mei 2022 - 15:15 WIB

Emerson’s New Emergency Shutdown Discrete Valve Controller Improves Safety, Uptime in Hazardous Applications

Emerson introduced the TopWorxTM DX PST with HART® 7. Units provide valuable valve data and diagnostic information, enabling the digital transformation of process applications.

PT Buyung Poetra Sembada Tbk (“HOKI”)

Kamis, 12 Mei 2022 - 15:26 WIB

HOKI Launches Another New Product

PT Buyung Poetra Sembada Tbk (“HOKI”), a Public Company which produces quality rice under the “Topi Koki” and “HOKI” brands, continues to innovate by re- launching new products.…