(MENAFN) Amid a stagnant shortage of Liquefied petroleum gas (LPG) supplies in various regions of the nation, Indonesia is arranging to ship in large quantities of the commodity from Iran, based on the latest reports.
Through state-owned oil and Gas Company Pertamina, the Southeast Asian Republic is expected to import 588,000 tons of LPG during the 2016-2017 period to reduce the scarcity of gas supplies in several regions.
In more detail, a number of regions throughout the country have been running short of LPG supplies since early this month, particularly during and after the post-fasting Eid al-Fitr festivities, or Lebaran.
"The memorandum of understanding (MoU) on the gas business deal is expected to be inked this month or in August, and both sides will carry out due diligence on oil and gas blocks in Iran," said the Managing Director of Pertamina.
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