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Indonesia Stops Gas Exports to South Korea, Taiwan in 2018

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Editor

13 September 2017 21:32 WIB

TEMPO.CO, Jakarta - Indonesia will stop exporting gas to South Korea and Taiwan in 2018. The Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) communications head Wisnu Prabawa Taher said that the gas export contract will be ended in 2018 with the total of 2.5 million tons per year (MTPA).

The reduced volume will open up the chance to improve the absorption of domestic gas. “The gas exports to Korea and Taiwan will be stopped in 2018,“ Wisnu said Wednesday, Sept. 13.

Throughout 2013 to 2015, the growth of domestic gas usage was at nine percent. Based on SKK Migas records, the gas export trend is currently lower compared to 2010 and 2011.

Back in 2010, Indonesia exported 4,336 billion British thermal unit per day (BBtud) while domestically, it recorded at 3,276 BBtud. Meanwhile, in 2011, Indonesia managed to export 4,078 BBtud and 3,276 BBtud domestically.

The domestic gas absorption continued to rise from 2012 to 2016, while in the first half of 2017, it reached 3,749 BBtud with the portion of exported gas at 2,617 BBtud.

BISNIS


Export-Import


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