Pertamina of Indonesia is selling eight cargoes of LNG on the spot market after its original buyer failed to purchase the LNG, Reuters reported, citing BPMigas spokesman Gde Pradnyana.
“ The reason for the sale is most likely a diversion of Sempra cargoes ,” he said.
Pertamina said in January that it plans to spend $1.96 billion from 2012-14 on planned FLNG terminals and associated gas pipelines.
The company will also convert the Arun LNG plant into a receiving LNG terminal.
[mappress] LNG World News Staff, May 7, 2012; Image: Pertamina