RI to lobby S.Korea for LNG

RI to lobby S.Korea for LNG

Indonesia's Mines and Energy Minister, Purnomo Yusgiantoro, will visit South Korea early next month in a bid to secure the renewal of a liquefied natural gas supply contract with Korea Gas Corp., an official said on Thursday.

Joko Harsono, head of the marketing division of the Oil and Gas Implementing Body, a government supervised oil and gas body for the upstream industry, said Purnomo will be in Seoul June 1 to June 2.

Indonesia currently supplies six million metric tons a year of LNG to Kogas. The contract will expire in 2007.

Indonesia will meet tight competition from Russia and Malaysia to supply LNG to Kogas after the current contract expires, he said.

Indonesia is one of the world's top three LNG producers. -- Dow Jones