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| Natural gas to the Bontang contracts completed in August FSRT |
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| Tuesday, 27 July 2010 09:44 | |||||||
Page 1 of 2 JAKARTA - The discussion of supply contracts from the Bontang liquefied natural gas for storage and regasification terminal floating (FSRT) is expected to be completed at the latest completed in early August.Head of LNG Business PT Pertamina (Persero) Harry Karyuliarto said discussions between the consortium Pertamina and PT Perusahaan Gas Negara (Persero) Tbk, or known by the PT Nusantara Regas, have made progress. According to him, the whole discussion has been almost completed, including on the extension issue Mahakam Block production sharing contract. "The question of extending the contract that had surfaced. But in the last meetings which discussed a lot more on the price formula the problem alone, "he told Business Today. Harry said the last condition, he said, is estimated to counter head of agreement (HoA) of LNG supply for the Jakarta Bay FSRT be completed in a week. "Could next week, or at the latest discussion that contract may be completed by early August." Earlier, the Chief Executive Agency for Upstream Oil and Gas R. Priyono said the discussion of the gas supply contract from the Mahakam block for receiving terminals, liquefied natural gas (LNG) floating Jakarta Bay still leaves the discussion of the price. In addition to the price problem, Total, Inpex is also called to ask an assured return on its investment until 2017. "It's just a matter of price. But the total return on investment is also requested certainty until 2017, "he said. For the problem of certainty of return of investment, he said, BP Migas had submitted to the government of options to ensure the request can be accommodated. "These options had we submitted to the government so it is better to ask the Mother Evita [Herawati Legowo, Director General of Oil and Gas Ministry of Energy and Mineral Resources]
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