Nusantara Regas in Talks With U.S. Supplier for LNG Imports

PT Nusantara Regas is in talks with a U.S supplier to import liquefied natural gas to take advantage of cheap supplies.

Regas plans to import as much as 2 million metric tons of LNG a year with first cargoes expected in the first-quarter of 2017 if talks succeed, President-Director Hendra Jaya told reporters in Jakarta late yesterday, declining to name the company. The company, a venture between Indonesia’s state oil company PT Pertamina and the country’s largest gas distributor PT Perusahan Gas Negara, is building a floating LNG terminal near West Java province.