EXXONMOBIL INDONESIA TO PRODUCE 38 CARGOES OF LNG IN 2011

Posted on: Thu, 08 Jul 2010 02:13:16 EDT

Symbols: XOM

JAKARTA, Jul 08, 2010 (AsiaPulse via COMTEX) --ExxonMobil Oil Indonesia has set production target for liquefied natural gas (LNG) from Arun, Aceh, at 38 cargoes or 2.09 million tons in 2011.


Maman Budiman, ExxonMobil vice president, said the production is about the same as this year but in 2012, the production will drop further to 26 cargoes.
Arun LNG plant has been over its peak performance and it is now on the decline, Maman said, adding that its production reached 223 cargoes per year during its peak years of 1994-1995.


The country's first LNG plant has supplied LNG mainly to contract buyers in Japan, South Korea and Taiwan.
Maman said Arun LNG still supplies gas to one of two urea fertilizer factories of PT Pupuk Iskandar Muda.
(ANTARA)