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The National Iranian Oil Company (NIOC) is due to discuss the renewal of its LPG export contract with Indonesia’s state-run Pertamina next week. Platts reported quoting a source familiar with the matter.
As reported. the parties will review volumes as well as price levels for 2018 exports.
Pertamina has had a contract with NIOC since May 2016 for a total 600.000 million tons (mt) of LPG to be delivered over 2016-2017 in 14 cargoes.
The first 44.000 mt evenly split propane butane parcel was delivered in October 2016.
Pertamina. which has been receiving one or two cargoes a month. last took delivery of a 44.000 mt propane cargo on the VLGC Pertamina Gas 2 from Assaluyeh. shipping sources said.
