As Indonesia gas demand falters, floating LNG plant lies idle

Electricity demand growth in Indonesia slumped to 2.05 percent in the first five months of the year, down from 6.14 percent in the same period in 2014, according to PLN, dragged lower as economic expansion slipped to its weakest in six years.

Appetite for gas has also been curbed by declining prices for rival fuels coal and diesel, which plunged this year on abundant supply and demand worries. Analysts said demand for regassified LNG has been worse hit than demand for piped gas as it is typically more expensive due to processing costs.

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Posted July 2, 2015 by repit in News

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