He stressed that Indonesia's commitment to respecting international agreements should not be doubted.
\n\nPhoto from BahlilLahadaliaOfficial/Facebook and Singapore LNG Corporation
\n\nIndonesia has responded to Singapore's concerns about its gas export cuts, claiming that their actions are permissible under existing agreements.
\n\nAccording to The Straits Times, Energy and Mineral Resources Minister Bahlil Lahadalia stated at a press conference on Oct. 26 that Indonesia cut its gas exports by about 8 per cent, which is within contractual limits.
\n\nThis amounts to a reduction of 31 million standard cubic feet per day, from the previous total of 409.55 million standard cubic feet per day.
\n\n“Do not lecture Indonesia about its commitment to honouring and respecting contracts,” he said.
\n\nWhen asked if the export reductions would be permanent, he replied, “I think the situation remains fluid."
\n\nHe maintained that the reduction was due to maintenance-related shutdowns and domestic demand pressures.
\n\nBahlil later suggested the possibility of invoking force majeure.
\n\nForce majeure is a contractual provision that allows a party to leave their obligations unfulfilled under extraordinary circumstances.
\n\n“We respect contracts. But force majeure circumstances can arise, can’t they? Well, we’ll see,” he said, reported The Straits Times.
\n\nHe also denied that any "conflict" was…
Original source: https://mothership.sg/
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