One of the World’s Oldest LNG Deals Unraveling on the Virus

One of the World’s Oldest LNG Deals Unraveling on the Virus

One of the world's oldest liquefied natural gas deals may be set to end as buyers face a supply glut and demand uncertainty exacerbated by the coronavirus pandemic.The almost 50-year old agreement to buy fuel from PT Pertamina's Bontang terminal in Indonesia is set to expire at the end of this year. Kyushu Electric Power Co., one of six Japanese utilities in a buyers' consortium, won't renew its contract. Toho Gas Co. is also walking away, a person familiar with the matter