Firms in Fed’s Beige Book Fret Over Any Lengthy Baltimore Port Closure
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JAKARTA (Dow Jones)–Indonesia aims to sell 54 cargoes of liquefied natural gas in the spot market in May, a senior official at upstream regulator BPMigas said Friday.
Under a sales and purchase agreement signed in 2007, LNG supply contracted to Sempra can be diverted to other buyers, including the government.
Sempra officials couldn’t be reached for comment.
The energy minister will decide the price for the cargoes, Rubiandini said.
Indonesia is the world’s second-biggest LNG exporter after Qatar. The Tangguh plant is among the country’s key assets, producing 7.6 million metric tons of LNG each year.
-By Deden Sudrajat, contributing Dow Jones Newswires
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