Jakarta, Kompas.com - Upstream Oil and Gas Supervisory Agency (BP Migas) to seek LNG Bontang sales contract extension to western buyer, Japan, can be completed in October 2009.
Deputy Operations BP Migas, Eddy Purwanto explains, at this time BP Migas and the parties involved in the selling process are negotiating the Sales Purchase Agreement (SPA).
They are PT Pertamina (Persero) as the appointed seller and Total E&P Indonesie, Chevron, and Vico as the field owner which supply Bontang factory. "We espect that SPA can be completed by the end of October, although we can not be sure. And, this is a technical issue, and usually technical issue is fairly sticky," said Eddy.
According to Eddy, so far there is no change in volume or price for the request of the sales contract extension by the Japanese buyers. "Still in accordance with the HoA," he added.
On 13 February 2009, the Head of BP Migas Raden Priyono went to Osaka, Japan, to witness the signing of HoA of LNG Bontang sales contract extension.
The HoA of LNG Bontang contract sales extension is signed by Pertamina, Total Indonesie, and Inpex Corporation to the six western buyers, Chubu EPC, Kansai EPC, Kyushu EPC, Nippon Steel Co. Ltd., Osaka Gas Co. Ltd., and Toho Gas Co. Ltd..
If the level of HoA up to a sales contract extension, then the sale of LNG will be valid for 10 years beginning in 2011 until 2020.
source: Kompas Bisnis Keuangan
Deputy Operations BP Migas, Eddy Purwanto explains, at this time BP Migas and the parties involved in the selling process are negotiating the Sales Purchase Agreement (SPA).
They are PT Pertamina (Persero) as the appointed seller and Total E&P Indonesie, Chevron, and Vico as the field owner which supply Bontang factory. "We espect that SPA can be completed by the end of October, although we can not be sure. And, this is a technical issue, and usually technical issue is fairly sticky," said Eddy.
According to Eddy, so far there is no change in volume or price for the request of the sales contract extension by the Japanese buyers. "Still in accordance with the HoA," he added.
On 13 February 2009, the Head of BP Migas Raden Priyono went to Osaka, Japan, to witness the signing of HoA of LNG Bontang sales contract extension.
The HoA of LNG Bontang contract sales extension is signed by Pertamina, Total Indonesie, and Inpex Corporation to the six western buyers, Chubu EPC, Kansai EPC, Kyushu EPC, Nippon Steel Co. Ltd., Osaka Gas Co. Ltd., and Toho Gas Co. Ltd..
If the level of HoA up to a sales contract extension, then the sale of LNG will be valid for 10 years beginning in 2011 until 2020.
source: Kompas Bisnis Keuangan
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