TotalEnergies inks deal to use Arun LNG storage tanks
Indonesia’s Petramina has signed a terminal use agreement with French TotalEnergies for the use of two storage tanks at the 3mn metric tons/year Arun LNG receiving and regasification terminal in Sumatra, it said on August 31.
As per the deal, TotalEnergies will use the two tanks to store LNG from its international portfolio. The first LNG shipment is expected to arrive this month from Angola, Pertamina said. At present, the terminal has four LNG tank units with a total capacity of 508,000 m3.
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"Focusing on this deal, we plan to ship vessels from our LNG portfolio in Angola for storage at the Arun LNG hub before delivering cargoes to customers," TotalEnergies Gas and Power Asia's managing director Nic Poulteney said. TotalEnergies has a 13.6% stake in Angola LNG.
This collaboration will help Perta Arun Gas (PAG), which operates the terminal, become a world-class LNG hub and regasification company, PAG's president director Arif Widodo said. Previously Arun was an LNG export plant, Pertamina converted it into a regasification terminal in 2015.