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| Monday, 03 May 2010 11:04 | |||||||
Page 1 of 2 Donggi project's fate remains unclear-Senoro
JAKARTA: Three prospective buyers of gas-Senoro Donggi feared getting back following the assurance of a project worth U.S. $ 3.7 billion is not yet clear. Three companies were Chubu Electric Power Co., the Korean Gas (Kogas), and Kyusu feared to immediately withdraw from the planned purchase of liquefied natural gas (liquefied natural gas / LNG)-Senoro Donggi. An executive in the oil sector who know this as it promised the government says the project should Donggi-Senoro existing final decision in late April. However, he said, because approval from the government was not yet out, prospective customers Donggi-Senoro LNG (DSLNG) berancang now make preparations to withdraw from the project. "When the government promises to approval by the end of April, the prospective customer is waiting. However, it turns out that the decision had not yet come out. Chubu planned to be out, if he left the others could also go out," he told the Business, last week. He stated that three potential buyers of gas actually has no ties whatsoever with DSLNG therefore free to seek other manufacturers that offer cheaper prices. In fact, he said, the project has been delayed in about 28 years. "If the government fails to give a decision that makes this project remained economically, Donggi-Senoro be stuck in the bowels of the earth much longer." When confirmed, the project director of PT Medco Energi Internasional Tbk Lukman said Mahfoedz-Senoro Donggi project was in critical condition. Investor upstream and downstream, he said, needs to immediately get the assurance of government decisions. "Because the buyer of LNG in the LNG receiving schedule in 2013 and early 2014 has a lot of alternative supplies, outside Donggi-Senoro," he said. President Director of PT Pertamina (Persero) Karen Agustiawan through short messaging services to Business says prospective buyers now can not wait anymore and hard to explain to their management of project delays decision DSLNG protracted. Meanwhile, he said, the prospect of LNG from Japan and South Korea also has a lot to get LNG bids from Japan and South Korea also offer long-term contract from Papua New Guinea, Australia and Qatar. "So if a buyer is very normal that there is now, namely Chubu, Kogas, and will also follow Kansai Kyushu to resign from DSLNG," he said. Still waiting Vice President of Communications Pertamina Trikora Putra Basuki said the company was still awaiting the government's decision. As it has promised the government, he said, decisions about Donggi-Senoro will be determined after a trial. "Concerning the partners must also understand this condition and also the buyer that we were all waiting for the government's decision. We hope to remember this time have entered the May," he said. As reported previously, Coordinating Minister Hatta Radjasa time to ensure that decisions about Donggi-Senoro will be made at the end of April. In addition, through the correspondence between relevant government agencies, the Coordinating Minister for Economic Affairs and Minister of Energy recommends approval for the combination of the portion of domestic exports and 70 335 MMscfd MMscfd to be decided upon Vice President Boediono.
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