Indonesian LNG struggling to compete – SKKMigas
SKKMigas analyst Muhammad Pradipta, far left, at the International LNG Summit in Cannes. (Interfax)
Indonesia’s LNG exports face a tough challenge from new projects in Australia and Papua New Guinea, an analyst at Indonesian oil and gas regulator SKKMigas said at the International LNG Summit in Cannes on Monday.
Muhammad Pradipta warned delegates that, with long-term contracts at the Bontang plant coming to an end and demand falling among traditional East Asian buyers, Indonesia will be forced to look for new customers or to sell into the increasingly competitive spot market.