ExxonMobil inks deal to supply LNG to Indonesia’s Pertamina
U.S.-based oil and gas giant ExxonMobil has signed a 20-year deal to supply liquefied natural gas (LNG) to Indonesian state energy company Pertamina.
Under the memorandum of understanding, Pertamina will buy 1 million tonnes of LNG per year starting in 2025.
No further details of the LNG supply agreement have been disclosed.
The deal is a part of 11 agreements signed by U.S. and Indonesian companies on Friday as part of the efforts of the two countries to reduce trade barriers and boost investment.
The $10 billion-worth deals were announced by visiting US Vice President Mike Pence in Jakarta who is on a business trip in Asia.
LNG World News Staff