Indonesia’s state-run Pertamina will start discussions with National Iranian Oil Company, or NIOC, this week for the renewal of their term LPG import contract for 2018 supplies, a source familiar with the matter said Wednesday.
They will review volumes as well as price levels. Pertamina has had a contract since May last year with NIOC for a total 600,000 mt of LPG to be delivered over 2016-2017 in 14 cargoes.
The first 44,000 mt evenly split propane/butane parcel was delivered in October 2016.
Pertamina, which has been receiving one or two cargoes a month, last took delivery of a 44,000 mt propane cargo on the VLGC Pertamina Gas 2 from Assaluyeh, shipping sources said.