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Floating LNG plant lies idle as Indonesia gas demand falters

Thursday, July 2, 2015 - 05:50
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Appetite for gas has been curbed by declining prices for rival fuels oil, coal and diesel, which plunged this year on abundant supply and demand worries.

Jakarta

A US$400 million floating plant for changing LNG (liquefied natural gas) back to gas has sat idle off Indonesia's coast for around six months despite only being commissioned last summer, hit by faltering demand for the cleaner fuel as oil prices drop and the economy slows.