S. Korea to import more LNG from RI<\/p>\n
JAKARTA (JP): South Korea will import more liquefied natural
\ngas (LNG) from Indonesia and further promote energy cooperation
\nbetween the two countries, a visiting South Korean minister said
\nyesterday.<\/p>\n
South Korea's Trade, Industry and Energy Minister Lim Chang-
\nyeul said it was cheaper to transport LNG from Indonesia because
\nit was closer than other LNG producing countries.<\/p>\n
After meeting President Soeharto, Lim said there was great
\npotential for more energy cooperation between the two countries.<\/p>\n
"We can make joint investments or increase imports from
\nIndonesia," said Lim, who was accompanied at the meeting by
\nMinister of Mines and Energy I.B. Sudjana and the ministry's
\ndirector general of oil and gas, Supraptono Suleman.<\/p>\n
The Korean minister is here to attend the 17th meeting of the
\ntwo countries' joint committee for mineral resources and energy
\ncooperation. The meeting, which began yesterday, will end
\nThursday.<\/p>\n
Lim said that demand for energy in Korea would increase
\nsharply. "LNG is one area in which we will increase our imports."<\/p>\n
He predicted that South Korea's demand for LNG would jump to
\n18.2 million tons by the year 2000, up 51 percent from 12.1
\nmillion tons this year and up more than 90 percent from 9.56
\nmillion tons last year.<\/p>\n
According to the state-owned Korea Gas Corp, South Korea's LNG
\nimports are expected to rise to 20.7 million tons in the year
\n2001, up from 9.5 million tons last year.<\/p>\n
The corporation said that, by the year 2000, South Korea would
\nimport 5.3 million tons of LNG from Indonesia.<\/p>\n
Lim said that both governments had expressed a willingness to
\nboost energy cooperation.<\/p>\n
He said that his country was very keen to increase investment
\nin Indonesia, including in labor-intensive industries.<\/p>\n
"Indonesia's national car project will become very successful
\nin the near future," he said.<\/p>\n
PT Timor Putra Nasional, which is controlled by President
\nSoeharto's youngest son Hutama (Tommy) Mandala Putra, is working
\nwith KIA Motors of South Korea to produce national cars, under
\nthe Timor brand.<\/p>\n
He said that to win on the world market South Korean
\nindustries were still trying to minimize costs and improve
\nenvironmental protection. (bnt)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/s-korea-to-import-more-lng-from-ri-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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