According to Indonesia’s oil and gas upstream regulator, SKK Migas, Singapore is likely to reduce its pipeline gas imports from Indonesia after the launch of a proposed floating storage and regasification unit project in Singapore. Pursuant to the existing agreement, a range for the gas volume that Indonesia should deliver to Singapore has been established. In addition, the agreement is on a take-or-pay basis, which mandates that Singapore purchase the minimum volume of natural gas. Singapore’s contracted natural gas imports from Indonesia will end in 2023. At present, Indonesia exports about 16.99 million metric standard cubic metres per day (mmscmd) of natural gas to Singapore’s Sembawang Corporation from UK-based Premier Oil-operated Natuna Island and about 10.76 mmscmd per day to Gas Singapore Private Limited from the US-based ConocoPhillips’ Corridor block.
