Indonesia’s state oil and gas company Pertamina is seeking a partner for a planned liquefied natural gas receiving terminal. Pertamina said previously it planned to build a floating LNG receiving terminal in East Java, to be completed in September 2011.

“We need a ship which we will modify to become a floating LNG receiving
terminal. We don’t want to lease the ship but we want to own it,”
Pertamina’s president director Karen Agustiawan told reporters today.

“Therefore, we will ask the ship owner to participate in the terminal
project. Under the joint venture, Pertamina wants to be the majority
shareholder in the project,” she said.

She said Pertamina will talk with Bontang LNG plant, Tangguh plant, and
also Qatar, as it seeks LNG supplies for the terminal project.

“Our terminal in East Java will have a capacity of between 1.5 million
tonnes to 2 million tonnes per year. We will need LNG from every
source, both domestic or abroad,” Agustiawan said.

Pertamina already plans to build a floating LNG receiving terminal near
the capital Jakarta together with local gas distribution company
Perusahaan Gas Negara (PGN).

PGN also plans to build an LNG receiving terminal in North Sumatra with a capacity of about 1.5 million tonnes per year.

Indonesia has no LNG receiving terminal currently. The world’s
third-largest LNG exporter behind Qatar and Malaysia is seeking non-oil
energy sources such as natural gas and coal to meet rising domestic
demand for power and to reduce consumption of crude oil as its reserves
dwindle.

The Tangguh plant, operated by BP’s Indonesian unit, has capacity to produce 7.6 million tonnes per year of LNG via two trains.

Indonesia has far more gas than oil but has limited supplies for its
own use due to long-term LNG export commitments, which it is reviewing,
reported Reuters.

Source: UPI

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