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We, LNG Japan, are deeply involved in LNG projects developed in Indonesia since the country started exporting LNG in the 1970s. Indonesia is currently one of the largest LNG exporting countries in the world. It all began in 1970, when we formed a project team to develop Indonesian LNG based on a feasibility study agreement with PERTAMINA. As a result of this feasibility study, sufficient amounts of gas reserves were found to develop an extensive LNG project. This was followed by the signing of a 20-year long-term LNG sales contract between PERTAMINA and a Japanese Buyers' consortium, calling for 7.47million tons of LNG to be delivered from Indonesia to Japan per year. We are proud and honored to make significant contributions to this entire project from its conception to feasibility studies, marketing, financing, and management of subcontracted services.

For all the LNG sales contracts that we facilitated between Indonesia and Japan, we are also the project coordinator throughout the duration of the contracts. With over 30 years of experience as project facilitator and coordinator for Indonesian LNG projects, we are currently in charge of 4 LNG sales contracts, involving 9 different buyers who are either an electric power company, a city gas company or a steel company in Japan. Through these contracts, our LNG handling volume reaches over 15 million tons per year (in contractual quantity basis), which is equivalent to 90% of total LNG being imported from Indonesia to Japan, or 25% of total LNG imports into Japan.
Our deep commitment and contributions to Indonesian LNG projects have earned us the honor to be presented a letter of appreciation and a commemorative gift by then President of the Republic of Indonesia, Dr. Megawati Soekarnopurtri.