Indonesia's PGN Declares Force Majeure on LNG Supply to Gunvor Singapore
11.08.2023 By Tank Terminals - NEWS

November 8, 2023 [Reuters]- A unit of Indonesian state-owned oil and gas company Pertamina has declared force majeure on its liquefied natural gas (LNG) sales and purchase agreement with Gunvor Singapore.


Perusahaan Gas Negara (PGN) (PGAS.JK) submitted the force majeure notice to Gunvor on Nov. 3 and estimated the period would be “no less than several months of year 2024”, a notice filed on the Indonesia Stock Exchange dated Tuesday showed.

It did not give a reason for the force majeure in the notice.

Force majeure is a clause that allows parties in a contract to avoid liability for unexpected external circumstances that prevent them from meeting their obligations.

Gunvor declined to comment in response to a request from Reuters for comment. PGN did not respond to an emailed request for comment.

According to a Gunvor announcement in June 2022, it and PGN entered a partnership that would see the Indonesian entity supply LNG to the global energy trader.

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

The Petromidia Refinery is Looking for a Partner for the Construction of a Green Hydrogen Plant
05.24.2024 - NEWS
May 24, 2024 [Energy World]- Rompetrol Rafinare Constanța, the company part of the KMG Internati... Read More
Saudi Aramco Interested in Buying Minority Stake in Repsol's Renewable Unit, Expansion Reports
05.24.2024 - NEWS
May 24, 2024 [Reuters]- State-controlled oil company Saudi Aramco is interested in buying a minor... Read More
Verbio Starts Expansion Work on Second Biorefinery in North America
05.24.2024 - NEWS
May 24, 2024 [Biofuels International]- Verbio has started work on converting its South Bend etha... Read More
TNPA, Mnambithi Terminals to Develop Durban Liquid Bulk Facility
05.24.2024 - NEWS
May 24, 2024 [World Cargo News]- Transnet National Ports Authority (TNPA) has signed a Terminal O... Read More