Total has signed long term LNG sale and purchase agreements with state-owned Indonesian company Pertamina for the supply of LNG volumes increasing from 400 000 to 1 million tpy over a period of 15 years beginning 2020.
“These agreements allow the Group to further expand its longstanding cooperation with Pertamina and to enhance both companies’ LNG portfolios,” outlined Laurent Vivier, President Gas at Total. “Strengthening our presence in Asia, in particular through innovative relationships with new LNG buyers such as Pertamina, is an important part of our strategy.”
Under the terms of the agreements, Total will purchase from 2020 around 400 000 tpy of Pertamina’s contracted LNG volumes from Corpus Christi LNG, currently under construction in the US. In parallel, Total will supply from its global portfolio to Pertamina a volume growing over time from 400 000 to 1 million tpy of LNG.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/02022016/total-and-pertamina-sign-lng-agreement-2334/