Indonesian LNG sector spared harm from tsunami

01/10/2005
Indonesia's LNG industry, spared damage in the devastating Dec. 26 earthquake and tsunami that hit North Sumatra and Aceh, has resumed shipments to Japan and South Korea after making a deal with ExxonMobil Corp. to secure natural gas supplies for local fertilizer producers.Under terms of the deal, ExxonMobil will secure the coming year's natural gas supply for fertilizer firms PT Pupuk Iskandar Muda I and II (PIM-1 and PIM-2) in the province of Aceh just as Indonesia enters its planting season.ExxonMobil Oil Indonesia Inc. (EMOI), sole supplier of natural gas in Aceh, will provide 57 MMscfd of gas to PIM-1 starting immediately.Another deal is to be signed in February or March to s...
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