Indonesia eyeing streamlined LNG approval process

Widhyawan Prawiraatmadja, a special adviser to Indonesia’s energy and mines minister, said that the country is trying to streamline its LNG and gas sales and purchase approvals. 

As reported by Platts, Prawiraatmadja said that the new policy is already taking effect, noting that under the current policy a number of LNG cargoes have failed to load in recent months. All cargoes have been awarded through tenders from Pertamina-operated LNG terminals.

Prawiraatmadja said the country is going to revise the oil and gas law and gather together regulators like SKK Migas and LNG players like Pertamina and BG.

Advisor added that the industry feedback on government policies is welcome adding that some decisions were rather detrimental to long-term LNG buyers, and the government iss looking to correct that.

It was noted that the country is looking to invest in development infrastructure and expansion of LNG terminals network in order to enable addition of further 35 GW of power generation capacity with 13 GW of that coming from gas-powered facilities.

Prawiraatmadja added that Indonesia, that turned into a net importer of LNG from a net exporter, might consider exporting less gas to Singapore, now that Singapore has LNG options.

LNG World News Staff; Image: BP