PIM in LNG supply deal with Total, Inpex

Aceh fertilizer maker PT Pupuk Iskandar Muda has secured one LNG cargo from Bontang LNG plant for this year.

PIM President Director Mashudianto said as quoted by Bisnis Indonesia that the deal was signed last week with Total E&P Indonesie and Inpex Corp., both are interest holder in Mahakam PSC which supplies gas to Bontang LNG.

One cargo of LNG equals to 3 trillion BTU.

Mashudianto said the Company would pay US$7.5 per million BTU for the cargo. (*)