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.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  PBJV Bags Contract from PETRONAS Carig... (Aug 26)
 -  Reach Energy Secures SCM's Approval to... (Aug 26)
 -  Pavilion Energy, Pertamina Ink MOU to ... (Aug 26)
 -  DSME Delivers Newbuild Ultra Deepwater... (Aug 26)
 -  Sound Energy Spuds Second Tendrara App... (Aug 26)


Most Popular Articles

From the Career Center
Jobs that may interest you
Amine Operator - Gulf of Mexico
Expertise: Gas Plant Operations|Production Operator|Refinery / Plant Operator
Location: Gulf of Mexico
 
Hazmat Technician
Expertise: HVAC|Maintenance Technician|Mechanical Technician
Location: Waterloo, IN
 
Facility Manager Job
Expertise: Facilities Management|HVAC
Location: Golden, CO
 
search for more jobs

Brent Crude Oil : $49.92/BBL 0.50%
Light Crude Oil : $47.64/BBL 0.65%
Natural Gas : $2.87/MMBtu 0.70%
Updated in last 24 hours