Kogas expects Bontang LNG<\/p>\n
SEOUL (Dow Jones): State-run Korea Gas Corp. is near to
\nclosing a deal to acquire one cargo of liquefied natural gas from
\nIndonesia's Bontang gas field that was originally allocated for
\nTaiwan, a Kogas official told Dow Jones Newswires Thursday.<\/p>\n
"There is a possibility to secure one cargo (originally
\nscheduled) for Taiwan," the official said. "We will return the
\nsame volume sometime in April."<\/p>\n
The volume acquired would be about 56,000 metric tons of LNG,
\nhe added. Kogas is South Korea's sole LNG importer.<\/p>\n
South Korea and Japan have been scrambling since early this
\nweek when ExxonMobil Oil Indonesia Inc., a unit of Exxon Mobil
\nCorp. (XOM), suspended natural gas pumping at its three onshore
\nblocks - Arun, Lhoksukon and Pase - due to civil unrest in
\nIndonesia's Aceh province.<\/p>\n
The company's three blocks produce a total of 1.6 billion
\ncubic feet of natural gas daily. ExxonMobil Oil Indonesia is the
\nsole natural gas supplier to PT Arun Gas and liquefies the gas
\nbefore it is shipped to South Korea and Japan.<\/p>\n
The Kogas official said a senior executive in his company went
\nto Taiwan this week to negotiate with officials of state-run
\nChinese Petroleum Corp. about swapping LNG deliveries. CPC is the
\nisland's only LNG importer.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/kogas-expects-bontang-lng-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}