Monday, 6 May 2013

Indonesia in talks to buy Qatari LNG

SATYENDRA PATH

DOHA Qatar is in talks with Indonesia to import liquefied natural gas (LNG) to meet the increasing domestic demand, Indonesian Ambassador in Qatar he Deddy Saiful Hadi said.

"Although Indonesia is a country of gasexporting, we need to import gas in the near future to meet our domestic needs," Hadi said in an exclusive interview.

"High quality Indonesia LNG produces and exports them under long-term contracts to overseas buyers such as Japan that have invested in our energy projects.

What we produce at this time will not suffice to meet our growing domestic demand and the obligation to export of gas to our long term customers. In this situation, we rely on Qatar to meet our needs, "Hadi said.

Southeast Asian Nations including Indonesia will account for a third of LNG demand growth in Asia in 2025 with the region consume an extra 45 million tons per year, according to a report Wood Mackenzie.

"Indonesia enjoy close and friendly relations with Qatar based on a tradition of goodwill and common economic interests. Qatar is also created as one of Indonesia's most important foreign investors and trading partners, "said Hadi.

"Our relations with Qatar are very good and strong. Our investment and trade is growing rapidly, "said Hadi.

"Since the establishment of diplomatic relations with Indonesia in 1976, Qatar has an ever greater importance given to Indonesian economy," he said.

"As a result of the vigorous efforts of the two countries at this time, Ooredoo has a 65 percent stake in Indonesia's second largest telecommunications company, PT Indosat. This investment is worth more than $ 3 billion, "he said.

To "to strengthen the economic ties between the two countries, Qatar-based company an Indonesian Fund worth $ 1 billion," he said.

"Although Indonesia is a major recipient of foreign investment, Indonesian companies have also invested abroad, including Qatar. Some big Indonesian companies are discussions with the relevant authorities in Qatar to invest and take part in the various development projects underway in Qatar company, "he said.

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