Pertamina negotiating second US LNG volumes swap deal

Indonesia’s Pertamina is negotiating an agreement with an LNG portfolio seller to swap 0.7 million tons of United States liquefied natural gas over a period of five years.

The state-owned Pertamina is expected to close the deal by the end of the year, Platts reports, citing Pertamina’s gas and power senior vice president, Djohardi Angga Kusumah.

The deal would cover the first five years of Pertamina’s 20-year contract with the Houston-based LNG player Cheniere for the delivery 1.52 million tons of LNG per year, 0.76 mtpa of which are to be delivered from the Corpus Christi export project.

Pertamina has already signed a contract with Total, under which the French company will buy around 0.4 million tons per year of Pertamina’s contracted LNG volumes from Cheniere’s Corpus Christi project, from 2020.

LNG World News Staff