Govt Worried About Reduced LNG Exports
ANTARA News, 03/14/09 07:32
Jakarta - The government is worried about the possibility of Japanese, Korean and Taiwanese buyers slashing their liquefied natural gas (LNG) imports amid the global economic slowdown, an official said.
The expected decline in LNG exports from the Bontang refinery in East Kalimantan would no doubt reduce state revenues, Head of the Upstream Oil and Gas Executive Body (BP Migas) R Priyono said here on Friday.
"We are worried about a possible delay in the LNG exports," he said.
The delay would also cause the refinery's LNG production to reach its peak or tank top, he said.
Indeed LNG buyers from the three countries had not made an official request for the reduction of their LNG purchase, he said.
But they had hinted that they would likely reduce their LNG purchase due to a drop in industrial activities in their countries, he said.
"I don't know how much they will reduce their LNG purchase," he said.
In anticipation of reduced LNG demand from the three countries, he said the body was looking into the possibility of switching to other LNG buyers, converting LNG into liquefied petroleum gas (LPG), and supplying gas to fertilizer makers albeit in small quantities.
"We used to convert LNG to LPG using a converter," he said. (*)
Posts
No comments:
Post a Comment