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Wednesday, January 19, 2011

Japan's Kyushu Electric to buy LNG from Indonesia

Japan's Kyushu Electric Power Co (9508.T) said on Wednesday it has agreed with PT Donggi-Senoro LNG of Indonesia to buy 300,000 tonnes of liquefied natural gas annually for 13 years, starting in the second half of 2014.

Donggi-Senoro LNG, a joint venture between Indonesian state energy firm Pertamina, together with Indonesia's PT Medco Energi International (MEDC.JK) and Japan's Mitsubishi Corp (8058.T), plans to produce LNG at a plant in Sulawesi with a capacity of 2 million tonnes per year. Source: Reuters

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