Hungary to revive LNG talks with Indonesia

Hungary is seeking to revive talks on the possibility of buying liquefied natural gas (LNG) from to reduce its dependence on Russian gas. Jakarta Post reported Friday.

 

The request was made Wednesday during a meeting in Budapest between Economics and Transport Minister Janos Koka and Indonesia’s Trade Minister Mari Elka Pangestu, who is currently on an official visit to Hungary

 

The Hungarian minister said that the LNG from Indonesia would be shipped to an LNG terminal currently being jointly developed by Hungary and Croatia.

 

“Hungary is jointly developing an LNG receiving terminal with Croatia. With that in mind, we would like to look into the possible purchase of LNG supplies from Indonesia,” Koka told the Indonesian trade delegation during the meeting.

 

Talks on LNG sales to began during the administration of former President Megawati Soekarnoputri when the then government was offered a role in the development of the LNG terminal.

 

“I think we will touch on this further in October, he said referring to his scheduled to visit to Indonesia, when he will sign an agreement on the establishment of an Indonesia-. Hungary Joint Ministerial Committee aimed at strengthening economic ties between the two countries.

 

Although Indonesia is currently struggling to meet its LNG export commitments to Japan, South Korea and Taiwan due to the decline in the country’s ‘natural gas production and the shifting of supplies to the domestic market, Mari said that she would discuss the request with the relevant ministries in Jakarta (*)