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Indonesia considers importing US LNG to help rising demand

The country is considering the move amid falling domestic output

Indonesia is considering importing US liquefied natural gas (LNG) and is weighing up overseas investment opportunities as it tries to plug the gap between falling domestic output and rising demand.With development projects stalling at home, domestic LNG demand is expected to hit 8 million tonnes per year (t/y) by 2020, up from around 1.5m tonnes this year, according to forecasts from energy research firm Wood Mackenzie. The recent announcement that US major Chevron will delay its $12 billion Indonesia Deepwater Development (IDD) project will exacerbate the former Opec member’s demand for imported LNG, Zhi Xin Chong, an Asian LNG specialist at Wood Mackenzie tells Petroleum Economist. Natio

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