Indonesia to import more LPG in 2008
Thursday, 5 July 2007
JAKARTA, July 4 (Xinhua): Indonesia's state oil and gas firm PT Pertamina will import 500,000 tons of liquefied petroleum gas ( LPG) next year as part of the government's program to replace highly subsidized kerosene, local press said today.
The country is estimated to need the additional supplies of LPG in 2008 in order to meet the government's target of replacing one million kiloliters of kerosene, reported English daily The Jakarta Post.
The government's kerosene-to-LPG conversion program is expected to raise Indonesia's LPG demand to 1.9 million tons in 2008 from this year's 1.4 million.
"The government wants us to replace 75 to 80 per cent of the total of 10 million kiloliters of kerosene that people consume annually with LPG by 2010," Pertamina deputy head of marketing Hanung Budya was quoted as saying.
Hanung said that Pertama was currently in talks with a number of major players, such as American oil giant ConocoPhillips and British-based oil company BP with a view to securing the additional gas supplies.
The country is estimated to need the additional supplies of LPG in 2008 in order to meet the government's target of replacing one million kiloliters of kerosene, reported English daily The Jakarta Post.
The government's kerosene-to-LPG conversion program is expected to raise Indonesia's LPG demand to 1.9 million tons in 2008 from this year's 1.4 million.
"The government wants us to replace 75 to 80 per cent of the total of 10 million kiloliters of kerosene that people consume annually with LPG by 2010," Pertamina deputy head of marketing Hanung Budya was quoted as saying.
Hanung said that Pertama was currently in talks with a number of major players, such as American oil giant ConocoPhillips and British-based oil company BP with a view to securing the additional gas supplies.