Floating Production Intelligence

Floating Production Intelligence

Indonesia's Pertamina Aims to Sell LNG Cargoes in July

June 12, 2014

Floating Production Intelligence LLC.

Indonesia's Pertamina aims to sell several cargoes of liquefied natural gas (LNG) in July, and is currently in discussion over exact loading dates, a person familiar with the matter said.

The producer has a quantity of unsold LNG for which it will seek to find buyers, although it may not issue a public tender, the source said.

Global demand for LNG is particularly weak at present and supply is readily available from various sources, with prices currently around $12.50 per mmBtu.

(Reporting by Oleg Vukmanovic, editing by David Evans)

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