Noble eyeing domestic fuel, coal market

By Alexander Ginting

SGX-listed global commodity trader Noble Group has started business to supply coal and liquid fuel to the Indonesian market.

According to the company?s annual report released on Tuesday, it had delivered its first cargoes of distillate to Indonesia last year and has started its first Indonesian diesel supply chain deliveries.

?We, in partnership with our Oil Liquids team, are developing new opportunities to supply diesel and other products to coal miners and other consumers in both Indonesia and Australia,? the company said.

According to the report, the company has 49 percent shares in PT Sriwijaya Multi Terminal and PT Karimata Baru Terminal, with principal activites are in fuel storage, supply and distribution.

?In Indonesia, while the regulatory environment and changes in it continue to play a part, our volumes and supply relationships have increased. Our recent initiatives in the domestic Indonesian coal supply also continue to grow, as does the role of our low energy coal trading hub based in Sumatra,? the company said without giving further details.

Editing by Reiner Simanjuntak