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