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

ONEOK Announces Completion of NGL Fraction and Pipeline Expansion Projects
12.06.2024 - NEWS
December 06, 2024 [ONEOK]- ONEOK, Inc. today announced the completion of MB-6, a 125,000-barrel p... Read More
Aker Horizons and VNG Sign Term Sheet for the Supply of Green Ammonia from Norway to Germany
12.06.2024 - NEWS
December 06, 2024 [VNG]- The Leipzig-based gas trader VNG Handel & Vertrieb GmbH (VNG H&V... Read More
VNG and HyCC Plan to Produce Green Hydrogen in Lutherstadt Wittenberg
12.06.2024 - NEWS
December 06, 2024 [VNG]- Leipzig-based energy company VNG AG, its wholly-owned gas trading subsid... Read More
Belgium and Oman Strengthen Green Hydrogen Ties Under New Agreement
12.06.2024 - NEWS
December 06, 2024 [H2 View]- Belgium and Oman have agreed to “further strengthen” collaborati... Read More