Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC

Indonesia's Pertamina to transfer LNG trade business

Indonesian state energy company PT Pertamina aims to transfer its foreign gas trade business to PT Perusahaan Gas Negara “as soon as possible”, Pertamina director Basuki Trikora Putra said.

The role of PGN, which became Pertamina’s gas subholding unit last year, so far has been focused on the gas utility business.

PGN earlier this month signed an agreement to sell liquefied natural gas (LNG) to China’s Sinopec next year.

 Putra said the trade business is currently in transition from Pertamina to PGN and the two companies are working together to manage international transactions.

Syahrial Mukhtar, a director at PGN, told reporters on Tuesday that the company will seek more LNG buyers in China, including more transactions with Sinopec. PGN hopes to secure a deal by the end of the year with a Chinese buyer, he said without sharing further details.

Pertamina and PGN are looking for buyers for LNG from Pertamina’s Bontang plant to replace contracts that will expire next year, Mukhtar said. (Reporting by Wilda Asmarini Writing by Fransiska Nangoy, Editing by Louise Heavens)

Copyright © 2019. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo


Business Trends: Four challenges to Australia’s rising role in the global LNG market
-David Gross
The past 10 yr have been the decade of natural gas, but the next 10 yr will belong to LNG as countries race to build out their export capacity.
Editorial Comment
-Adrienne Blume
Australia and Middle Eastern countries, which have been net LNG exporters, are now foraying into LNG imports due to supply issues.
Industry Focus: Mixed performance for Africa’s gas markets in 2019 poses questions for next decade
-Shem Oirere
As 2020 begins, Africa’s gas market is left with a mixed bag of achievements that only partly confirms a prediction by the International Gas Union (IGU) in early 2019 that the continent’s natural gas segment is “facing a potential turning point.”
Regional Focus: North American NGL to boom alongside petrochemicals
-Eugene Khartukov
Strong natural gas production and rapidly rising demand from petrochemicals makers have resulted in record-high production of natural gas plant liquids in North America, particularly in the U.S. This growth has been led by ethane.

GasPro 2.0: A Webcast Symposium

View On-Demand

Following on the heels of the highly successful GasPro 2.0 Webcast Symposium in October 2018, the second GasPro Webcast Symposium 2.0 will take place on October 24, 2019.

The 2019 web event will gather experts in the fields of LNG, gas processing, and gas transport/distribution to share their operations expertise, engineering and design solutions, and technology advances and trends with our audience.

Attendees will learn about technology and operational solutions and deployments in a number of areas: plant design and expansion, construction, NGL production, optimization, sulfur removal, marine operations and separation technology.

October 24, 2019 08:30 AM CDT

View On-Demand


Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2020 Gulf Publishing Holdings LLC.