Indonesia to become LNG net importer by 2020

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    • Indonesia to become LNG net importer by 2020

      Fitch Group's BMI Research said Indonesia is projected to become a net importer of Liquefied Natural Gas (LNG) by 2020, with an estimated annual growth rate of 4% over the next 10 years. This was amid the increasing demand and dwindling output at mature gas fields.

      The Jakarta Post reported that the annual growth rate of 4% was attributed to the biggest demand coming from the power generation sector. However, gas supplies are set to fall due to natural declines at various mature gas fields. This would ultimately cause delays to several major projects.

      Indonesia has exported 3.9 million metric ton of LNG in the first quarter of the year, a drop by 7.5% year-on-year while falling 15% below the five-year average.

      News extracted from :

      World Oil and Gas News