Next-door market for LNG

INDONESIA could become a nearby market for Papua New Guinean liquefied natural gas in the coming years, with Indonesian state-owned electricity company PT PLN saying it needs more gas.
Next-door market for LNG Next-door market for LNG Next-door market for LNG Next-door market for LNG Next-door market for LNG

PLN president director Dahlan Iskan said the company needed around 1800 million cubic standard feet per day and only received 800MMscfd from the Indonesian government, according to the Jakarta Post.

The utility company is not only considering opportunities to buy LNG from PNG and Australia, but is also reportedly exploring supply options from Iran and Kuwait.

PLN's gas-fired electricity plants produce 9800 megawatts compared to their maximum capacity of 11,000MW, according to the report.

The first two trains of the ExxonMobil-led PNG LNG project are expected to be complete in early 2014.

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