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Indonesian gas exports set to hit 20-year low

Piped gas and LNG exports from Indonesia are expected to hit a two-decade low in 2019 as NOC Pertamina is struggling to revive falling production from the Mahakam field Piped gas and LNG exports from Indonesia are expected to hit a two-decade low in 2019 as NOC Pertamina is struggling to revive falling production from the Mahakam field.
By Damon Evans 5 days ago Asia Pacific / Exploration & Production 0 34567
A rig in the Mahakam Block. (SKKMigas)

The key issue: Indonesia’s exports of piped gas and LNG are expected to hit a two-decade low in 2019, government data shows. The drop is the result of falling supplies from ageing fields.

Interfax analysis: Indonesia’s gas exports are forecast to drop to 21.5 billion cubic metres in 2019, down by nearly 25% from 28.3 bcm in 2018, data from upstream regulator SKKMigas shows. This will mark the biggest year-on-year fall in exports since their peak in the late 1990s, when Indonesia was the world’s largest exporter...