Update with details from SKK Migas
TANGERANG, Indonesia, May 20 (Reuters) - Japanese gas explorer Inpex signed a commercial contract on Wednesday with Indonesian state firms Pupuk Indonesia, state utility firm PLN, and gas utility firm PGN to purchase gas from the Abadi LNG project.
Here are some details:
The deal was signed during the Indonesia Petroleum Association conference, but no details were provided on the volume of the gas sales signed on Wednesday.
The Abadi LNG project is expected to produce around 1,200 million standard cubic feet per day (mmscfd) of gas, and most have been allocated to domestic and overseas buyers said upstream regulator SKK Migas chairman Djoko Siswanto.
"Masela (production capacity) is around 1,200 (mmscfd) in total. We still have 250 (mmscfd) spare, in case we need more later. But the others, 1,000 mmscfd are already being sold (to) domestic and international buyers," Siswanto said.
Siswanto said foreign buyers include Eni SpA and BP Trading, while Japanese buyers seek between 2 million to 2.5 million tons per annum (MTPA) gas.
(Reporting by Bernadette Christina and Dewi Kurniawati; Editing by David Stanway and Louise Heavens)
((Bernadette.Christina@thomsonreuters.com;))