Bangladesh business

Indonesia plans to export LNG to Pakistan and Bangladesh – Business

News Office (The Jakarta Post)

Jakarta ●
Thursday, January 18, 2018

2018-01-18
15:28
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Business
Export of LNG, Pakistan, Bangladesh
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Deputy Minister of Energy and Mineral Resources Arcandra Tahar said Indonesia plans to export liquefied natural gas (LNG) to two South Asian countries – Pakistan and Bangladesh – with trade values ​​of approximately US $ 6 billion for each country.

Arcandra said in Jakarta on Wednesday that the export of LNG would be decided upon during President Joko “Jokowi” Widodo’s visit to the countries in the near future.

“The sales agreement should be signed during the visit. This is what is being discussed at the ministry, ”he said, reported by Antara, adding that the export volume has reached between 1 and 1.5 million tons per year.

In the implementation, the state-owned energy company Pertamina will cooperate with its counterpart in Bangladesh (Petrobangla) and its counterpart in Pakistan (Pakistan LNG Limited).

The contractual agreement should be framed in terms of 10 years each.

The plan to export LNG to the two countries follows a memorandum of understanding between Pertamina and the two companies. (bbn)


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