Japan to cut LNG imports from RI

Tohoku Electric Power Co. and Tokyo Electric Power Co. (Tepco) will cut imports of Indonesian liquefied natural gas (LNG) by 2.5 million metric ton to about a combined one million tons a year after the current contract expires in December 2004, the Jakarta Post reported.

The utilities believe large-volume imports under a long-term contract would carry risks amid intensifying competition and slow growth in electricity demand. Production capacity in the Sumatra gas field is also falling. (*)