Indonesia's Pertamina may sign deal with Iran for 2017 LPG imports

Indonesia's Pertamina may sign deal with Iran for 2017 LPG imports

Indonesia's Pertamina may sign deal with Iran for 2017 LPG
importsIndonesia's Pertamina may sign deal with Iran for 2017 LPG imports -
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Jakarta: State energy company Pertamina may sign a deal to import Iranian
liquefied petroleum gas (LPG) in 2017 when Indonesia's president visits the
country this week, company officials said on Tuesday.

The LPG imports may total up to 528,000 tonnes during next year, the
officials said.

"It is highly likely we will import again from the National Iranian Oil
Company," Pertamina spokeswoman Wianda Pusponegoro told reporters, adding
that Pertamina planned to import up to 12 cargoes, each of which contains
44,000 tonnes of gas, in 2017.

A deal could be signed this week during Indonesian President Joko Widodo's
trip to Iran, she said.

The planned purchases are part of 600,000 tonnes of LPG that Pertamina
tentatively agreed to purchase in May from state-owned National Iranian Oil
Co (NIOC) this year and in 2017.

Pertamina is also considering buying stakes in two oil and gas blocks in
Iran and had met and discussed the matter with Iran's oil minister during
the recent Organization of the Petroleum Exporting Countries meeting in
Vienna, Pusponegoro said.

"We hope they can agree on Pertamina's proposal," she said, noting that Iran
was still studying the matter and that Pertamina aims to complete a deal at
the beginning of 2017.

"Our target is for at least 30,000 barrels of oil equivalent per day."

Separately, Pertamina's deputy chief executive, Ahmad Bambang, told
reporters that the company is also hoping to expand its footprint in
Algeria.

"In the short term we want to strengthen our position in Algeria with a
purchase from Repsol, but this is still being discussed," Bambang said.

Spanish energy company Repsol wants to sell its 35 percent participating
interest in the MLN field, where Pertamina currently holds the remaining 65
percent stake, he said.

"(Repsol) want to sell everything. We are negotiating."

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Link to Original Article:
http://energy.economictimes.indiatimes.com/news/oil-and-gas/indonesias-perta
mina-may-sign-deal-with-iran-for-2017-lpg-imports/55957890

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com