USD 2,3 Billion Gas Transaction Signed Off

USD 2,3 Billion Gas Transaction Signed Off

18 companies had sign off domestic gas trading transaction especially for power plant and industry with amount of contract value USD 2,3 billion.

Kardaya Warnika, chairman of upstream oil and gas regulator (BP Migas) (04/14) said the transaction between BP Migas and production sharing contractor aimed to keep domestic supply and to reduce the use of oil fuel.

Gas for power plant will be use for Batam, Bintan, East Kalimantan, South Sumatra and East Aceh.

For 2008, composition of gas use are 20,12 TCF (trillion cubic feet) or 48% for domestic and 21,55 TCF (trillion cubic feet) or 52% for export.

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