Four Gas Export Contracts to Expire Until 2028: Whose Are They?
Four piped gas and liquefied natural gas (LNG) export contracts in Indonesia will expire between 2020 and 2028. One of them is the contract on Indonesia’s liquefied natural gas (LNG) export to Japan, starting from December 1973 to December 2020. Besides, six Japanese companies have pressed the western buyer (WBX) contract package with PT Pertamina. However, the Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) stated that only one company decided to continue the collaboration, albeit with a separate contract for 2021-2022.
SKK Migas’ data showed that the gas export contract to Singapore would end in 2023. It was a gas pipeline contract involving Corridor Block, operated by ConocoPhillips Grissik Ltd and Petrochina, to distribute 350 BBTUD of gas to Gas Supply Pte Ltd (GSPL), a Singapore-based gas company. However, the Indonesian government decided not to renew the block’s Natural Gas Sale and Purchase Agreement (PJGB) due to the plan to increase natural gas use for domestic needs, especially in the Sumatra Island.