{
    "success": true,
    "data": {
        "id": 1204667,
        "msgid": "taiwan-to-renew-lng-contract-1447893297",
        "date": "1995-10-25 00:00:00",
        "title": "Taiwan to renew LNG contract",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "Taiwan to renew LNG contract TAIPEI (Reuter): Taiwan's state-owned Chinese Petroleum Corp (CPC) said it will renew a 20-year contract to buy liquefied natural gas (LNG) from Indonesia. Under the renewal, which will begin in 1998, CPC will buy 1.84 million tons a year of LNG from a state-run Indonesian oil firm, CPC said in a statement. The contract renewal will be signed today on the Indonesian island of Bali, CPC added.",
        "content": "<p>Taiwan to renew LNG contract<\/p>\n<p>TAIPEI (Reuter): Taiwan's state-owned Chinese Petroleum Corp<br>\n(CPC) said it will renew a 20-year contract to buy liquefied<br>\nnatural gas (LNG) from Indonesia.<\/p>\n<p>Under the renewal, which will begin in 1998, CPC will buy 1.84<br>\nmillion tons a year of LNG from a state-run Indonesian oil firm,<br>\nCPC said in a statement.<\/p>\n<p>The contract renewal will be signed today on the Indonesian<br>\nisland of Bali, CPC added.<\/p>\n<p>CPC began importing 1.5 million tons of LNG per year from<br>\nIndonesia in 1990. It has imported about 10 million tons of LNG<br>\nas of this month, CPC said.<\/p>\n<p>CPC said half of its LNG imports from Indonesia are used by<br>\nthe state-run Taiwan Power Company for generating power. The<br>\nother half is consumed by private households and CPC itself, it<br>\nsaid.<\/p>\n<p>In February this year CPC approved a 20-year contract to buy<br>\nLNG from Malaysia.<\/p>\n<p>Indonesia and Malaysia currently are Taiwan's only LNG<br>\nsuppliers.<\/p>\n<p>Indonesia which started exporting LNG in 1977 is now the<br>\nworld's largest exporter of the clean burning energy with annual<br>\nshipments totaling more than 20 million tons.<\/p>\n<p>Japan is Indonesia's largest buyer, followed by South Korea<br>\nand Taiwan.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/taiwan-to-renew-lng-contract-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}