Japan Tohoku, Pertamina to finalize Arun LNG shipment<\/p>\n
TOKYO (Dow Jones): Japan's Tohoku Electric Power Co. said
\nFriday that it will soon finalize with Indonesia's state-owned
\nPertamina an offloading schedule for liquefied natural gas
\ncargoes from Indonesia's Arun terminal.<\/p>\n
\"We have received an offer from Pertamina regarding the timing
\nof (LNG) shipments from September on,\" a spokesman for Tohoku
\nElectric said. He said both parties will discuss the matter next
\nweek or later.<\/p>\n
In its latest offer, Pertamina didn't indicate the volume of
\nLNG it can sell to Tohoku Electric in September, the spokesman
\nsaid.<\/p>\n
After a 4-month shutdown of natural gas fields at the site due
\nto security concerns in Aceh province, Exxon Mobil Corp.'s
\nIndonesian unit, ExxonMobil Indonesia Inc., which is the sole
\nnatural gas operator at the site, resumed pumping natural gas
\nmid-July.<\/p>\n
Tokyo Electric Power Co., or Tepco, is to take what will be
\nthe first LNG export from Arun since mid-March. A Tepco spokesman
\nsaid Friday that the company will lift a 55,000-metric-ton cargo
\nSaturday as scheduled.<\/p>\n
Tepco imports 510,000 tons a year of Arun LNG on a free-on-
\nboard basis under a long-term contract with Pertamina.<\/p>\n
Tohoku Electric, which buys a much larger volume of 3 million
\ntons\/year of Arun LNG from Pertamina, has already secured
\nalternative LNG cargoes from other supply sources to cover its
\nrequirements to the end of September.<\/p>\n
The Tohoku Electric spokesman said the company will arrange
\nits LNG import schedule so that it won't have to take excess
\nvolume in September.<\/p>",
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