Total, PT Pertamina, INPEX sign Japanese LNG contract extensions

Total, PT Pertamina, and INPEX have signed a heads of agreement with a consortium of LNG buyers in Japan, setting out the principal terms of extension of the so-called 1973 and 1981 LNG contracts.

Offshore staff

PARIS -- Total, PT Pertamina, and INPEX have signed a heads of agreement with a consortium of LNG buyers in Japan, setting out the principal terms of extension of the so-called 1973 and 1981 LNG contracts. The consortium includes Kansai Electric, Chubu Electric, Osaka Gas, Toho Gas, Kyushu Electric, and Nippon Steel.

Under these extensions a total of 25 million metric tons (1.1 million tons) of LNG will be delivered to Japan between 2011 and 2020, from the Bontang LNG Plant in East Kalimantan, Indonesia.

The total quantity of natural gas in support of the contract extensions will be supplied from the Offshore Mahakam PSC, operated by Total in partnership with INPEX and under the authority of BPMIGAS acting on behalf of the Government of Indonesia.

02/17/2009

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