Bloomberg News

Indonesia’s LNG Exports Fall 15% in October, Central Bank Says

December 12, 2011

Dec. 9 (Bloomberg) -- Indonesia’s liquefied-natural-gas exports fell by 15 percent in October from the month before, according to data from the country’s central bank.

The country, the world’s second-largest exporter of the fuel after Qatar, exported 83.9 million British thermal units in October, down from 99.2 million Btu in September, Bank Indonesia said on its website. Indonesia shipped 101 million Btu in October 2010.

Oil exports fell 12 percent from September to 9.6 million barrels in October, according to data from the central bank. Indonesia exported 11.4 million barrels in October 2010.

Bank Indonesia didn’t provide an explanation for the fall in LNG and crude exports. The country, Southeast Asia’s largest oil producer, became a net oil importer after declining output at aging fields led Indonesia to withdrawal from the Organization of Petroleum Exporting in 2008.

--Editors: Mike Anderson, Ryan Woo.

To contact the reporter on this story: Fitri Wulandari in Jakarta at fwulandari@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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