Total, Pertamina Sign Long-Term LNG Supply Agreements
France's Total signed long-term sale and purchase agreements to supply liquefied natural gas (LNG) to Indonesia's state-owned Pertamina, with the LNG volumes increasing from 0.4 to 1 million tons per year over a period of 15 years beginning 2020.
“These agreements allow the Group to further expand its longstanding cooperation with Pertamina and to enhance both companies’ LNG portfolios ... Strengthening our presence in Asia, in particular through innovative relationships with new LNG buyers such as Pertamina, is an important part of our strategy,” Total's President of Gas Laurent Vivier said in a press release Tuesday.
Under the agreements, Total will purchase from 2020 around 0.4 million tons per year of Pertamina’s contracted LNG volumes from Corpus Christi LNG, now under construction in the U.S. Total will, in turn, supply LNG from its global portfolio to Pertamina, with the LNG volume growing over time from 0.4 to 1 million tons annually.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Total CEO: US Shale Oil Industry To See Wave Of Investment (Oct 18)
- Total's CEO Says Will Try To Move Ahead With Iran Gas Project (Oct 17)
- Total Expands Presence in Mexico (Oct 12)
Company: PT Pertamina more info
- Pertamina's Upstream Arm Produces 15% More Oil, Gas Than Planned (Sep 19)
- Andalas Joins Pertamina in Commercializing Marginal Gas Fields in Indonesia (Sep 02)
- Indonesia Encourages More Exploration, Development Activities in its Waters (Aug 31)