Indonesia plans to export LNG to Bangladesh

Deputy Energy and Mineral Resources Minister Arcandra Tahar has said Indonesia plans to export liquefied natural gas (LNG) to two South Asian countries - Pakistan and Bangladesh - with the trading values at about US$6 billion for each country, reports The Jakarta Post on Thursday.

Arcandra said in Jakarta on Wednesday the LNG export would be decided during the visit of President Joko Widodo to the countries in the near future. "The sale purchase agreement is expected to be signed during the visit. It is what is being discussed in the ministry," he said as reported by Antara, adding that the export volume reached between 1.0 and 1.5 million tonnes per annum.

In the implementation, state-owned energy firm Pertamina will cooperate with its counterpart in Bangladesh (Petrobangla) and its counterpart in Pakistan (Pakistan LNG Limited).

The contract agreement is to be designed in 10-year terms each. The LNG export plan to the two countries is a follow-up of a memorandum of understanding between Pertamina and the two companies. (bbn)