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Indonesia, Japan 10-year LNG Contract Price is $18/mmBTU Japanese buyers have reached an agreement with Indonesia for the price of LNG to be supplied by that nation under a new 10-year contract.
The price is set above $18 per million BTUs, the highest in the world, linked to a crude oil price of $110 per barrel.
The contract will renew an existing contract that was set to expire in 2010-2011, under which LNG was priced from $13 to $18 per million BTU on the same crude oil price basis. Japan sought to import from Indonesia at a higher price to avoid transport costs from other suppliers in places like Russia and Qatar. Return to September 2008 Western Energy News To sponsor Western Energy News , please contact WEI at 503 231-1994.
Copyright © 2008. Reuse of this publication or its contents is allowed with credit to Western Energy Institute. WEI - 827 NE Oregon Street, Portland, Oregon 97232-2172
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September 2008
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