'Natural gas alternative source of foreign exchange'

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'Natural gas alternative source of foreign exchange'

Wednesday, 21 April 2010 09:07

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'Natural gas alternative source of foreign exchange'
'Gas bumi sumber devisa alternatif' ( bahasa )
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JAKARTA: The government should be looked at natural gas as an alternative source of foreign exchange, at the time that oil production is naturally going to continue to decline.
Gas projects have also guaranteed buyer at a premium price, such as Donggi-Senoro, should soon be approved for chasing the optimal price momentum for state revenue.
President Director of Medco E & P Indonesia Budi Basuki said oil production will undoubtedly continue to fall naturally. Only, he said, reduced oil production is now offset by increased gas production significantly.

With a good enough price, he said, should natural gas could become one of the main sources of national income, and dependence on revenues from oil reduced. For that, he said, gas projects which are economically able to provide significant state revenue should be promptly approved by the government.

"Government should look at natural gas as a source of revenue for the new mainstays. For that purpose, such as project-Senoro Donggi that promises substantial revenue because the price obtained is high enough, should be approved by the government," he said yesterday.

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