It’s thought that buyers in Japan, South Korea, and Taiwan may divert up to 12 cargoes of contracted Indonesian LNG to other markets this year, as demand wanes in light of the global economic downturn.
Those are the sentiments of a senior government official, according to recent media reports.
Hari Karulianto, Head of LNG Business at Indonesian state-owned PT Pertamina, noted that the possible decision to divert the cargoes arose as the global economic chaos reduced demand in the three Asian nations of Japan, South Korea and Taiwan.
$quot;They will not drop the imports [from Indonesia],$quot; said Karulianto, who also indicated that the exact volume of the diverted cargoes remains unclear but, $quot;could be about 12 cargoes.$quot;
... to continue reading you must be subscribed
