PLN reaches price deal for 6 uncommitted LNG cargoes

By Febry Silaban

Petromindo

State-owned electricity firm PT PLN said it has reached price agreement with state-owned oil and gas firm PT Pertamina over six uncommitted LNG cargoes from Bontang plant in East Kalimantan Province.

PLN Head of Primary Energy Division Chairani Rachmatullah told Petromindo.com over the weekend that while the price has been agreed, the sales and purchase agreement is still being finalized.

She expected the LNG delivery to be made soon.

Wiko Migantoro, Vice President of LNG Directorate at Pertamina, told Petromindo.com that the sales and purchase agreement on the uncommitted LNG cargoes has yet to be signed amid one pending item. He did not disclose what it was.

Editing by Reiner Simanjuntak