Home MMBIZ News Indonesia Regulator Sees Gas Exports Up 14pc in 2014

Indonesia Regulator Sees Gas Exports Up 14pc in 2014

Indonesia’s natural gas exports are expected to increase by 14 percent in 2014 to 3.85 billion cubic feet per day compared to shipments this year, the country’s energy regulator SKKMigas said.

Natural gas production for 2014 was forecast at 7.175 billion cubic feet per day, or 1.24 million barrels of oil equivalent per day. That would be an increase of about 3 percent from 6.981 billion cubic feet per day, or 1.204 million barrels of oil equivalent, in 2013.

Of Indonesia’s total gas output, 2.4 billion cubic feet per day will be turned into liquefied natural gas (LNG) and shipped overseas.

Around 54 percent of natural gas production will be for domestic use, the regulator said.                              Reuters

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