SEVEN GAS CONTRACTS SIGNED
Seven Gas Contracts Signed
Thursday, 26 April, 2007 | 15:26 WIB
TEMPO Interactive, Jakarta: Seven gas trading contracts with a total volume of 738.52 trillion British thermal unit (TBTU) valued at US$3.1 billion were signed yesterday (04/25).
Head of Oil and Gas Executing Body Kardaya Warnika has said that of the total volume, almost half of them were used to meet the gas needs of electric generating plants belonging to PT PLN (the state-owned electricity company).
“Of the agreed amount, 343 TBTU are aimed at electricity needs whereas the remainder will be used for meeting gas needs in Pupuk Sriwidjaja's factory, fuel refinery in Balikpapan and Java,” said Kardaya after witnessing the contract signing in Jakarta, yesterday (04/25).
Among the seven signed contracts, four gas contracts were Pertamina EP's with US$430 million.
Kardaya said that Pertamina EP made use of flare gas from Semanggi, East Kandanghaur, Pegaden and Sukamandi Fields.
Financial Director of PT PLN Parno Isworo said that there was a possibility that the gas will be used for the Muara Tawar and other electricity generating plants in Java.
PLN bought the gas at a price of US$2.95 per MMBTU.
“By using gas, compared to oil-based fuel, we can reduce our expenses by around Rp36 trillion,” said Parno.
NIEKE INDRIETTA
Thursday, 26 April, 2007 | 15:26 WIB
TEMPO Interactive, Jakarta: Seven gas trading contracts with a total volume of 738.52 trillion British thermal unit (TBTU) valued at US$3.1 billion were signed yesterday (04/25).
Head of Oil and Gas Executing Body Kardaya Warnika has said that of the total volume, almost half of them were used to meet the gas needs of electric generating plants belonging to PT PLN (the state-owned electricity company).
“Of the agreed amount, 343 TBTU are aimed at electricity needs whereas the remainder will be used for meeting gas needs in Pupuk Sriwidjaja's factory, fuel refinery in Balikpapan and Java,” said Kardaya after witnessing the contract signing in Jakarta, yesterday (04/25).
Among the seven signed contracts, four gas contracts were Pertamina EP's with US$430 million.
Kardaya said that Pertamina EP made use of flare gas from Semanggi, East Kandanghaur, Pegaden and Sukamandi Fields.
Financial Director of PT PLN Parno Isworo said that there was a possibility that the gas will be used for the Muara Tawar and other electricity generating plants in Java.
PLN bought the gas at a price of US$2.95 per MMBTU.
“By using gas, compared to oil-based fuel, we can reduce our expenses by around Rp36 trillion,” said Parno.
NIEKE INDRIETTA
posted by Zumrowi Yunus at
11:16 PM
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