SKK Migas to ?release? LNG cargoes to BP Singapore, PPT Energy

By Godang Sitompul

Upstream authority SKK Migas said that it is in the process ?to release? four LNG cargoes to BP Singapore and PPT Energy Trading.

SKK Migas Head of Marketing Division Sampe Purba told Petromindo.com on Monday that transaction is expected to be completed by the end of this year. No further details were provided.

The Ministry of Energy and Mineral Resources said earlier that as per end October, there are 63 LNG cargoes from the Tangguh and Bontang plants for delivery next year remain uncommitted.

Director General of Oil and Gas at the ministry IGN Wiratmaja Puja said that the authority is still in negotiation with buyers for 13 of the 63 uncommitted LNG cargoes.

Sampe, however, hoped that there will be no excess LNG cargoes this year.

Editing by Reiner Simanjuntak