Two Tangguh LNG cargoes to S. Korea cancelled

South Korea has lost two December liquefied natural gas (LNG) shipments from Indonesia after a fire at a terminal there, the country?s economy ministry said Wednesday.

December shipments of two spot liquefied natural gas (LNG) cargoes with a combined volume of 120,000 tons were cancelled due to the shutdown of Indonesia's Tangguh LNG train 2 caused by the brief fire earlier this month.

"The economy ministry will continue to monitor supply and demand of natural gas closely, and if necessary it will secure alternative suppliers to ensure the gas supplies," the ministry statement said as reported by Reuters.

It added POSCO and SK E&S were expected to receive their December LNG cargoes under term contracts with Tangguh by the end of this year without disruption.

As reported earlier, following a small fire that hit its cooling system, the operation of Tangguh LNG plant?s Train II in West Papua province, has to be stopped for several weeks for repair, said BPMIGAS. (*)