April 30 (Reuters) - Indonesia's PT Perusahaan Gas NegaraTbk said it will buy liquefied natural gas (LNG) fromBP's Tangguh plant for its two floating storagefacilities to meet rising demand in Southeast Asia's biggesteconomy.
In its final stage of the deal, the state-owned gasdistributor has ordered five LNG cargoes from Tangguh LNG thisyear and the volume is set to increase to 14 cargoes in 2015,PGN's corporate secretary Heri Yusup said. The volume of eachcargo is 145,000 cubic metres.
BP spokeswoman Tantri Yuliandini declined to comment on the the deal, citing company policy.
PGN expects to start commissioning a second Floating Storageand Regasification Unit (FSRU) in June, said Yusup.
The FSRU, capable of receiving 2 million tonnes per year ofLNG and costing $300-400 million, is currently on its way toLampung on Indonesia's Sumatra island from Ulsan, South Korea,he said. The FSRU will supply gas to power plants, industriesand households in West Java, Lampung and South Sumatra.
State power company PT Perusahaan Listrik Negara (PLN) expects Indonesia's LNG demand to double in 2015 asdomestic gas fields struggle to keep up with surging powerdemand in Indonesia, forcing it to look overseas for supplies.
PGN's first FSRU in West Java, a joint venture withPertamina, has been operational since 2012. (Reporting by Brian Leonal; Editing by Florence Tan and EdDavies)