Taiwan's CPC Corp which managed to secure 5.25 million metric tons of liquefied natural gas supplies from Qatar and Malaysia is not seeking new contracts from expiring contracts with Indonesia's Pertamina. This comes after Indonesia's state-owned Pertamina announced discontinued renew of supply agreements with Taiwan and South Korea to supply 1.54 million metric tons of LNG that will begin expiring this year due to declining gas production at its aging fields.
CPC has signed a 25-year contract with Qatar-based RASGAS (Ras Laffan Liquefied Natural Gas Company Co) for a 3 million metric tons LNG supply, as well as the long-term contract with Malaysia LNG, a subsidiary of Malaysia's national petroleum company, Petronas Gas Bhd amounting 2.25 million metric tons of LNG, which will expire in March 2015. On top of that, Taiwan CPC has a 2 million tons supply deal with Australia's Woodside Petroleum Ltd.
CPC has signed a 25-year contract with Qatar-based RASGAS (Ras Laffan Liquefied Natural Gas Company Co) for a 3 million metric tons LNG supply, as well as the long-term contract with Malaysia LNG, a subsidiary of Malaysia's national petroleum company, Petronas Gas Bhd amounting 2.25 million metric tons of LNG, which will expire in March 2015. On top of that, Taiwan CPC has a 2 million tons supply deal with Australia's Woodside Petroleum Ltd.
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