Connection

popular articles

Alternus and Hover finalize three new wind microgrid contracts
Gulfstream” refloated in Trinidad and Tobago after oil spill
Expansion of geothermal energy: prospects and challenges for EGS
First application for SMR approval in France
Delay of Equinor’s Saltend H2H in the UK: Financing uncertainties

Pertamina expands its marine capabilities

Pertamina International Shipping (PIS) plans to invest up to $3 billion over the next five years in its vessels in Indonesia.

Please share:

Pertamina International Shipping (PIS) plans to invest up to $3 billion over the next five years in its vessels in Indonesia. The company hopes to rejuvenate and expand its fleet for LNG transport.

Fleet renewal

Pertamina International Shipping operates more than 400 vessels, three of which are large crude carriers (VLCC) and two large gas carriers (VLGC). Wisnu Santoso, director of Pertamina International Shipping, says:

“We will invest heavily in vessel replacement […]. We want to reduce the average age of our fleet over the next five years to 15 years, from about 20 years now.”

In addition, the company plans to acquire vessels that will transport LNG.

Indeed, Pertamina International Shipping deplores a lack of vessels in its portfolio. This situation is limiting its transport capacities. Considered less polluting, the demand for certain fossil fuels should increase.

A growing market

Pertamina International Shipping recognizes that shipyards are at capacity and that building new vessels will be expensive. This high cost is due to the high demand. However, the company is inclined to buy existing vessels as long as they still have good economic value.

Pertamina International Shipping signed an initial strategic partnership agreement with the Japanese shipping company Nippon Yusen Kaisha (NYK) in October. The purpose of this agreement is a potential collaboration for LNG logistics activities. This will focus on both national and international routes.

 

Register free of charge for uninterrupted access.

Publicite

Latest news

COP29: China’s Rejection Triggers a Deadlock on Climate Financing
Cordemais Coal Plant: Worker Strike Highlights Uncertain Future
Strategic Alliance Between Russia and Iraq: Stabilizing Oil Prices Through OPEC+
Gazprom-OMV Dispute: A Test of Resilience for European Energy Diplomacy
The Export Ambitions of Vaca Muerta: Challenges and Realities in Argentina’s Energy Diplomacy

Recently published in

Incident at Brunei LNG: Controlled Disruption with No Immediate Impact

Incident at Brunei LNG: Controlled Disruption with No Immediate Impact
ONEOK sells three natural gas pipelines to DT Midstream for $1.2 billion
ONEOK announces the sale of its three interstate natural gas pipelines to DT Midstream for $1.2 billion, a transaction aimed at optimizing its asset portfolio and strengthening its financial flexibility.
en_1140524540
ONEOK sells three natural gas pipelines to DT Midstream for $1.2 billion
ONEOK announces the sale of its three interstate natural gas pipelines to DT Midstream for $1.2 billion, a transaction aimed at optimizing its asset portfolio and strengthening its financial flexibility.
en_1140524540
Venezuela: explosion at Muscar gas complex severely impacts energy production
The explosion at the Muscar complex caused significant damage to Venezuela’s gas and oil production infrastructure. The consequences affect light crude oil production, extra-heavy crude processing, and national gas supply.
en_1140507540
Venezuela: explosion at Muscar gas complex severely impacts energy production
The explosion at the Muscar complex caused significant damage to Venezuela’s gas and oil production infrastructure. The consequences affect light crude oil production, extra-heavy crude processing, and national gas supply.
en_1140507540
Australia: Santos aims for over 30% increase in oil and gas production by 2027
The Australian energy giant Santos announces major production growth, supported by key projects and carbon storage initiatives, strengthening its position in the Asian liquefied natural gas (LNG) market.
en_1140509540
Australia: Santos aims for over 30% increase in oil and gas production by 2027
The Australian energy giant Santos announces major production growth, supported by key projects and carbon storage initiatives, strengthening its position in the Asian liquefied natural gas (LNG) market.
en_1140509540

US Ethane Recovery Slows Amid Record Storage Before Export Capacity Expansion in 2025

US ethane production is slowing despite record storage levels. New export facilities set for 2025 could reignite momentum and ease pressure on inventories.
Indian Distributors Turn to LNG
Facing reduced domestic gas volumes, Indian gas distribution companies are increasing their purchases of regasified LNG, a move likely to raise costs for consumers.
en_1140486540
Indian Distributors Turn to LNG
Facing reduced domestic gas volumes, Indian gas distribution companies are increasing their purchases of regasified LNG, a move likely to raise costs for consumers.
en_1140486540
Mukran LNG Terminal: An Immediate Response to the Suspension of Russian Deliveries to Austria
Following the suspension of Russian gas deliveries to OMV, the Mukran LNG terminal offers exceptional backup capacity to cover Austria’s annual energy demand.
en_1140479540
Mukran LNG Terminal: An Immediate Response to the Suspension of Russian Deliveries to Austria
Following the suspension of Russian gas deliveries to OMV, the Mukran LNG terminal offers exceptional backup capacity to cover Austria’s annual energy demand.
en_1140479540
Russia Halts Gas Supplies to Austria Following Dispute with OMV
Following a contractual dispute with Gazprom, Austria, which relied on 90% of Russian gas this summer, faces a supply halt. Despite the crisis, the country claims to have secured its energy supply.
en_1140456540
Russia Halts Gas Supplies to Austria Following Dispute with OMV
Following a contractual dispute with Gazprom, Austria, which relied on 90% of Russian gas this summer, faces a supply halt. Despite the crisis, the country claims to have secured its energy supply.
en_1140456540

North Macedonia: A Strategic Partnership with SOCAR for Energy Security

North Macedonia strengthens its energy security with an agreement with SOCAR, aiming at the diversification of natural gas supplies and innovative projects like gas cogeneration.
Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory
Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory
en_1140433540
Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory
Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory
en_1140433540
Towards Methane Regulation Convergence: U.S. and European Union Collaborate
The new European methane regulation is pushing the U.S. to strengthen the compliance of its LNG, paving the way for crucial dialogue between the two major players in the global energy market.
en_1140435540
Towards Methane Regulation Convergence: U.S. and European Union Collaborate
The new European methane regulation is pushing the U.S. to strengthen the compliance of its LNG, paving the way for crucial dialogue between the two major players in the global energy market.
en_1140435540
Sinopec and TotalEnergies: A Preliminary LNG Deal at Record Low Levels
Sinopec and TotalEnergies are negotiating a long-term LNG contract at under 12% of crude oil prices, an unprecedented threshold for Northeast Asia. The agreement includes seller-favorable flexibilities while remaining subject to finalization.
en_1140449540
Sinopec and TotalEnergies: A Preliminary LNG Deal at Record Low Levels
Sinopec and TotalEnergies are negotiating a long-term LNG contract at under 12% of crude oil prices, an unprecedented threshold for Northeast Asia. The agreement includes seller-favorable flexibilities while remaining subject to finalization.
en_1140449540

ADNOC Gas posts increased profits and adopts an ambitious new strategy

With a net profit of $1.24 billion in Q3 2024, ADNOC Gas surpasses expectations and announces a growth strategy targeting a 40% increase in EBITDA by 2029, supported by $15 billion in investments.
Norway Nationalizes its Pipeline Network to Secure Energy Exports
The Norwegian Ministry of Energy has formalized an agreement to nationalize its pipeline network, buying shares from seven private owners and consolidating state control over a crucial strategic infrastructure.
en_1140388540
Norway Nationalizes its Pipeline Network to Secure Energy Exports
The Norwegian Ministry of Energy has formalized an agreement to nationalize its pipeline network, buying shares from seven private owners and consolidating state control over a crucial strategic infrastructure.
en_1140388540
Russian Gas Flows to Europe via Ukraine Maintained Despite Tensions in Kursk Region
Despite escalating tensions and the preparation of a Russian counteroffensive in the Kursk region, Russian gas flows to Europe via Ukraine continue as usual, according to data from GTSOU.
en_1140402540
Russian Gas Flows to Europe via Ukraine Maintained Despite Tensions in Kursk Region
Despite escalating tensions and the preparation of a Russian counteroffensive in the Kursk region, Russian gas flows to Europe via Ukraine continue as usual, according to data from GTSOU.
en_1140402540
Demand Drops for Heavy Fuel Oil in Hong Kong in November, Impact on Ex-Wharf Premiums
Contract premiums for 380 CST fuel oil in Hong Kong fell in November due to weak demand and limited supply, influenced by improved weather conditions in China.
en_1140368540
Demand Drops for Heavy Fuel Oil in Hong Kong in November, Impact on Ex-Wharf Premiums
Contract premiums for 380 CST fuel oil in Hong Kong fell in November due to weak demand and limited supply, influenced by improved weather conditions in China.
en_1140368540

Norwegian Gas Exports to Northwest Europe Rebound in October

After a slowdown in September due to maintenance, Norwegian gas exports to Northwest Europe reached 9.56 billion m³ in October, reflecting a market still vulnerable according to Equinor.
The Uncertain Future of Russian Gas Transit via Ukraine to Europe
The transit of Russian gas through Ukraine may end in late 2024 if no agreement is reached between European buyers and Kyiv. This decision could increase pressure on the European energy market.
en_1140346540
The Uncertain Future of Russian Gas Transit via Ukraine to Europe
The transit of Russian gas through Ukraine may end in late 2024 if no agreement is reached between European buyers and Kyiv. This decision could increase pressure on the European energy market.
en_1140346540
Qatar and Japan: Talks to Strengthen LNG Energy Cooperation
During a visit to Tokyo, Qatar’s Minister of Energy discussed the future of LNG supplies with Japanese companies, as several long-term contracts approach their expiration.
en_1140354540
Qatar and Japan: Talks to Strengthen LNG Energy Cooperation
During a visit to Tokyo, Qatar’s Minister of Energy discussed the future of LNG supplies with Japanese companies, as several long-term contracts approach their expiration.
en_1140354540
Global Liquefaction Capacity Could Reach 700 Million Tons Per Year by 2030, Says Petronet
To meet growing demand, global gas liquefaction capacity could increase by 45% by 2030, supporting decarbonization goals in countries like India, which rely on natural gas for their energy transition.
en_1140353540
Global Liquefaction Capacity Could Reach 700 Million Tons Per Year by 2030, Says Petronet
To meet growing demand, global gas liquefaction capacity could increase by 45% by 2030, supporting decarbonization goals in countries like India, which rely on natural gas for their energy transition.
en_1140353540

Guyana and Suriname: A New Competitive Source of LNG for the 2030s

Thanks to significant gas projects, Guyana and Suriname could supply up to 12 million tonnes of LNG per year by the next decade, offering a competitive alternative in the global market.
Adnoc signs a historic agreement with SEFE to secure Germany’s LNG supply
Adnoc signs a historic agreement with SEFE to secure Germany's LNG supply
en_1140315540
Adnoc signs a historic agreement with SEFE to secure Germany’s LNG supply
Adnoc signs a historic agreement with SEFE to secure Germany's LNG supply
en_1140315540
The Northern Natural Gas Pipeline: A Strategic Lever for Argentina’s Energy Independence
The new Northern Natural Gas Pipeline connects shale gas resources from Neuquén to northern Argentina, aiming to reduce imports and open up export opportunities.
en_1140271540
The Northern Natural Gas Pipeline: A Strategic Lever for Argentina’s Energy Independence
The new Northern Natural Gas Pipeline connects shale gas resources from Neuquén to northern Argentina, aiming to reduce imports and open up export opportunities.
en_1140271540
Senegal: Investment Decision Anticipated for the Yakaar-Teranga Gas Project in 2025
Senegal is poised for an energy milestone with the final investment decision (FID) for the Yakaar-Teranga gas project expected in the first quarter of 2025.
en_1140266540
Senegal: Investment Decision Anticipated for the Yakaar-Teranga Gas Project in 2025
Senegal is poised for an energy milestone with the final investment decision (FID) for the Yakaar-Teranga gas project expected in the first quarter of 2025.
en_1140266540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS