Eric Watkins
Senior Correspondent
LOS ANGELES, Feb. 28 -- Indonesia's state-run PT Pertamina may have to order 14 shipments of LNG from foreign suppliers this year to satisfy contracts for supplies from its plant in Bontang, East Kalimantan.
Pertamina Pres. Widya Purnama told legislators that the firm expects to cancel a commitment for 60 LNG shipments out of the 374 scheduled for export from Bontang this year due to falling gas reserves.
All but 14 of the 60 cancelled shipments have been agreed to by buyers in Japan, South Korea, and Taiwan, he said, adding that the country may face legal action if supplies are not shipped.
He said the company is facing "difficulty" in sourcing the shipments.
Contact Eric Watkins at [email protected].
