The Energy Information Administration (EIA) forecasts that increasing consumption in 2012, led by strong growth in the electric power sector, should contribute to higher prices and to an economic incentive for producers to resume drilling.
Indonesia, the world’s third-leading liquefied natural gas exporter, is due to begin delivery from the Tangguh project in Papua in late June, helping offset falling output in other ageing fields. For full story, click here
Indonesia has asked PT Medco Energi International and state oil firm Pertamina to review their natural gas prices before building a liquefied natural gas plant in Sulawesi. For full story, click here
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