Last Updated :
05 February 2010 at 14:40 IST
Indonesia to limit gas exports to meet local demand
JAKARTA (Commodity Online) : Indonesia said it is planning to limit liquefied natural gas exports to secure adequate gas supplies for domestic industrial needs.
According to country’s Energy Ministry, a new presidential instruction was being drafted to regulate LNG exports.
For years, local companies requiring gas as a raw material in their production process, such as ceramics makers, fertilizer firms and state power company PLN, have complained about the lack of a steady supply.
The Ministry said one contract would be immediately affected if the policy became effective this year. A contract for the supply of gas to Japanese buyers from the Mahakam Block in East Kalimantan, which is operated by French oil and gas firm Total E&P Indonesia, expires in 2010.
Indonesia had earlier approved in principle a contract extension to 2020, but as yet there has been no final decision.
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