Indonesian Official Expects Agreement Soon on Diversion of LNG Cargos Originally Planned for Costa Azul LNG Terminal
Posted on Apr 2, 2012 in Canada & Mexico, Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Indonesian Official Expects Agreement Soon on Diversion of LNG Cargos Originally Planned for Costa Azul LNG Terminal
An official with BPMigas, Indonesia’s LNG upstream regulator, said that he expects his agency will sign an agreement this month or next that will allow BP to divert up to 90% of LNG cargos originally destined for Sempra’s Energia Costa Azul LNG import facility in Mexico. According to Platts LNG Daily [subscription required], the agreement will include a commitment that Indonesia will compensate Sempra for each cargo diverted.