JP\/12\/LNG<\/p>\n
Moch. N. Kurniawan
\nThe Jakarta Post
\nJakarta<\/p>\n
State-owned oil and gas firm Pertamina has asked the
\ngovernment to maintain its role in marketing the country's
\nliquefied natural gas (LNG) after it loses its monopoly on the
\ncountry's oil and gas industry, according to a senior company
\nexecutive.<\/p>\n
Pertamina's spokesman Ridwan Nyak Baik said on Friday the
\nrequest was made as the government was preparing to scrap the
\nstate company's decades-long monopoly in compliance with the new
\noil and gas law.<\/p>\n
Under the law that came into force in November last year,
\nPertamina will be turned into a limited liability company next
\nyear. It will lose its privileges over the country's oil and gas
\nbusiness, including the right to market to the country's LNG.<\/p>\n
\"But we have the experience, know the mechanisms and possess a
\ngood track record in selling LNG. So, it's normal that we should
\nrequest the government to extend our remit,\" he told The Jakarta
\nPost.<\/p>\n
Pertamina was hoping the government would issue a presidential
\ndecree to provide the legal grounds for the company to maintain
\nits job as an LNG marketer, he said.<\/p>\n
\"We're still waiting for the government's response,\" Ridwan
\nadded.<\/p>\n
At present, Pertamina exports LNG from the Arun plant in the
\nrestive Aceh province and the Badak plant in East Kalimantan
\nprovince to Japan, South Korea and Taiwan under long-term sales
\ncontracts.<\/p>\n
The LNG exports reach about 29 million metric tons annually.<\/p>\n
Pertamina is also seeking to find buyers for the planned
\nTangguh LNG plant in Papua province. It is now approaching buyers
\nin China and the Philippines.<\/p>\n
Ridwan said Pertamina would hold talks with the Philippine
\nNational Oil Company (PNOC) next week on plans to collaborate in
\ndeveloping a geothermal project in North Sulawesi and building a
\npipeline network to deliver gas from the Donggi gas field in
\nCentral Sulawesi to the PNOC.<\/p>\n
Last November, both companies signed a memorandum of
\nunderstanding (MOU) to jointly develop a number of energy
\nprojects worth US$1 billion in the two countries.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/jp12lng-1447899208",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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