Indonesia’s Pertamina hoping on Iranian LPG deal
Reports suggest the Indonesian state-owned energy company, Pertamina, is about to sign a deal to import LPG from Iran.
The Indonesian president is on a state visit to the country and Reuters has stated a possible deal could lead to imports of up to 528,000 tonnes during the next year.
The planned purchases are part of 600,000 tonnes of LPG that Pertamina tentatively agreed to purchase in May from state-owned National Iranian Oil Co (NIOC) this year and in 2017.
Separately, Pertamina’s deputy chief executive, Ahmad Bambang, said the company is also hoping to expand its footprint in Algeria.
“In the short term we want to strengthen our position in Algeria with a purchase from Repsol, but this is still being discussed,” he added.