October 23, 2007
VIETNAM : Aviation
Vietnam Airlines to expand fleet by 2020
Vietnam Airlines to expand fleet by 2020Indonesia is planning to cut its liquefied natural gas (LNG) exports to Japan to 3 million tons per year from 12 million tons after the current contract expires, an official said Monday.
Indonesia wants to lower the volume its exports to Japan for the period between 2011 and 2016.
It hopes to reduce exports further to 2 million tons in the subsequent five years, said Iin Arifin, vice president of state oil and gas company PT Pertamina.
'Japan wants us to keep volume at 12 million tons per annum but we disagree. We are still negotiating,' Arifin told reporters.
Indonesia plans to use more gas for domestic purposes such as for power generation to substitute costly oil fuel in view of record oil prices.
The country will also use more coal instead of fossil fuels for power generation under a massive program to build new capacity of 10,000 megawatts of coal-fired power plants.
Japan, Taiwan and South Korea are the biggest buyers of Indonesian natural gas. Courtesy AFX