The government wants to cut its liquefied natural gas (LNG) exports to Japan from 12 to 3 million tons per year after current contracts between the two nations expire, an official said.

Indonesia has said that it needs more gas to meet soaring demand for power to fuel Southeast Asia’s largest economy amid record oil prices.

It wants to lower the volume of its exports from 2011 to 2016 and then reduce them further to 2 million tons in the subsequent five years, said Iin Arifin, vice president of state oil and gas company Pertamina.