Indonesia raises 2013 LNG export target by 4 pct -regulator

Reuters

By Fergus Jensen

JAKARTA, Nov 12 (Reuters) - Indonesia's overseas LNG salesare expected to be 4 percent more than previously expected at285 cargoes this year, boosted by higher output and a drop involumes set aside for domestic use, the state oil and gasregulator SKKMigas said.

Shipments from the world's No.3 exporter of the super-cooledfuel would however still be below last year's 318 cargoes.

Indonesia, Southeast Asia's largest economy, wants to tapits abundant gas supply and move away from oil as it grappleswith record subsidy bills and a trade deficit resulting fromcostly fuel imports.

"For 2013, the production target is 314 cargoes of LNGoriginating from Arun, Bontang and Tangguh," WidhyawanPrawiraatmadja, SKKMigas' deputy chairman for planning anddevelopment, told Reuters in a text message on Tuesday.

Of this, 29 liquefied natural gas cargoes would be set asidefor domestic consumption this year, Prawiraatmadja said.

Indonesian LNG, produced by companies including Total, Exxon Mobil, ConocoPhillips and BP, is shipped to Japan, Korea, the United States and China.

Indonesia had previously projected 2013 LNG output at 306cargoes. Thirty two cargoes were to be set aside for domesticuse, but the country later said that three or four of thesewould be sold on the spot market.

It produced 332 LNG cargoes last year, of which 14 were keptfor domestic use.

Indonesia currently consumes about 40 billion cubic metresof gas and demand is growing by at least 10 percent annually.

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