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The agreed price is $14.80 per million metric British thermal units (mmbtu). Eight cargoes will be supplied this year and 10 next year, Widhyawan Prawiraatmadja, deputy of commercial operations at SKKMigas, told reporters.
The Bontang plant processes LNG from the gas fields in the Mahakam River delta in East Kalimantan, Indonesia's main gas-producing region.
The Bontang plant is jointly operated by Pertamina , Vico Indonesia, French oil major Total and an Indonesian subsidiary of Japan's Sumitomo Corp and Sojitz Corp.