Pertamina to buy Jabung LPG from PetroChina

PetroChina Co. Ltd. has agreed to sell 30,000 tonnes of LPG extracted in Jambi, Sumatra, to Indonesia's state-owned PT Pertamina at a market price, according to PetroChina Director Budi Setiadi.

Eric Watkins
Senior Correspondent

LOS ANGELES, Apr. 3 -- PetroChina Co. Ltd. has agreed to sell 30,000 tonnes of LPG extracted in Jambi, Sumatra, to Indonesia's state-owned PT Pertamina at a market price, according to PetroChina Director Budi Setiadi.

He said PetroChina has so far sold LPG from Jabung gas field on Singapore's spot market.

Jabung gas yields 25,000-35,000 tonnes/month of LPG, according to state media.

Last month, Pertamina said it would import 50% more LPG in April than in March to overcome a domestic shortage (OGJ Online, Mar. 29, 2007).

Contact Eric Watkins at hippalus@yahoo.com.

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