The unit of state run energy firm, PT Pertamina, and Abu Dhabi National Oil Company (ADNOC), have signed liquefied petroleum gas (LPG) and sulfur deal for US$2 billion in a four-year period. The national LPG demand is estimated to reach 8.30 million tons in 2022, increasing to 9.12 million tons in 2023, and 10.01 million tons in 2024.
Director of PT Pertamina Patra Niaga, Hasto Wibowo, said in a written statement this collaboration to ensure the national LPG supply which is projected to increase every year. Currently, he adds, the balance of national LPG import needs reached 6 million toned per year. He also stated, its possible the agreement to be extended every year.
Meanwhile, ADNOC senior president international relations, Salem Raheb Al Meheiri, welcomed the strategic partnership with Pertmaina. He guaranteed that it will supply the energy products reliably to Indonesia.