Renegotiation Of Petronas Gas Contract Yields Results


Funny, I was just discussing W Natuna and Duyong with somebody last week.

From Jakarta Globe, dateline 2011-07-20:

Upstream oil and gas regulator BPMigas has reached a deal with Malaysia’s Petronas to set a new price on a natural gas contract, putting an end to negotiations that started last month.

“We are waiting for final approval from the energy minister,” BPMigas chairman Raden Priyono said on Wednesday.

The parties agreed to set the rate at “close to $6 per million British thermal units [mmbtu],” he added, which was close to the price the Indonesian government had proposed.

 

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