Indonesia's major new gas find may delay arrival of output deficit [Reuters]
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Source: Reuters
Indonesia's major new gas find may delay arrival of output deficit | Reuters 3 Min Read SINGAPORE/JAKARTA (Reuters) - The discovery of a major new natural gas field in Indonesia may push back the day the country’s gas consumption outpaces its production and reduce its reliance on imported liquefied natural gas (LNG), officials and analysts said on Wednesday. A consortium led by Spain’s Repsol found new gas resources at the Sakakemang block in South Sumatra in Indonesia estimated to contain at least 2 trillion cubic feet, the company said on Tuesday. Repsol claims the find is among the 10 largest made in the world over the past year. “We hope early production can start the latest five years from now,” Arcandra Tahar, Indonesia’s deputy energy minister, told reporters on Wednesday. If the new find at the group’s Kali Berau Dalam-2 well shows good results, Indonesia may be able to push back the current estimate for when it has a natural gas deficit, or when consumption is greater than do
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