Japan, Korea May Buy LNG from Jangkrik Gas Field

Indonesia’s traditional LNG buyers like Japan, South Korea and Taiwan are likely to purchase natural gas from the Eni operated Jangkrik Northeast offshore gas field in Makassar Strait, Jakarta Post has reported.

“Japan, South Korea and Taiwan are the traditional buyers. However, the discussions are still ongoing,” SKKMigas’s commercial control deputy, Widhyawan Prawiraatmadja told Jakarta Post in an interview.

Eni currently holds a 55 percent stake in the Jangkrik field located in Muara Bakau block, Makassar Strait with the remaining stake held by GDF Suez. 

The field is expected to produce 145.5 million metric standard cubic feet per day (mmscfd) of natural gas, which will be processed into LNG at the Bontang plant in East Kalimantan, Jakarta Post said citing SKKMigas data.

At least 40 percent of the LNG produced at the Jangkrik field is planned to be allocated for domestic needs particularly for the fertilizer-making industry.