Japanese shipping giant Nippon Yusen Kaisha (NYK) has signed a deal with the unit of Indonesian state-owned oil and gas company Pertamina’s unit, Pertamina International Shipping, for energy transportation.
NYK said in its statement that the demand for energy transportation, especially liquefied natural gas (LNG), is expected to increase in Indonesia.
To address this demand, Pertamina, the largest oil and natural gas corporation in the state, and NYK have agreed to collaborate.
This agreement positions the two companies as strategic partners in energy transportation and covers ownership and management.
The companies have already started discussions concerning a detailed joint business, particularly involving the ownership and management of LNG carriers as exclusive partners.