Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Indonesia seen pushing out 264 LNG cargoes in 2018

cf77b376bebf60edf2096130c920b6ef
Indonesia is forecasted to market at least 264 liquefied natural gas (LNG) cargoes this year, local reports said.

According to the Upstream Oil and Gas Regulatory Special Task Force (SKKMigas), as many as 144 cargoes will be shipped from the Bontang LNG plant in East Kalimantan, while the remaining 120 cargoes will come from the Tangguh LNG plant in West Papua.

Indonesia’s LNG cargoes are typically shipped in 150,000 cubic meter (cbm) parcels but the SKKMigas said not all cargoes may be fully loaded. Not all shipments may be for export either. According to BP, the operator of the Tangguh LNG project, 26 out of 119 cargoes in 2016 were sold in the domestic market. Meanwhile up to 60 cargoes were reportedly uncommitted and sold on the spot market in that year.

“It is possible that the shipped LNG cargoes do not contain the full capacity of 150,000cbm of gas. The actual figure can be lower than that,” SKKMigas communications head Wisnu Prabawa Taher was quoted as saying.

For the whole of 2017, the Bontang and Tangguh LNG plants shipped 176 and 111 cargoes, respectively. The capacity of each cargo ranged from 80,000cbm to 150,000cbm.