Pertamina wants higher natural gas price from Petronas


Dateline 2012-09-15:

Pertamina Hulu Energi (PHE) says it is in talks with Malaysia’s Petroliam Nasional (Petronas) and Petro Vietnam Exploration and Production (PVEP) to raise the price of natural gas from its oil and gas block in Malaysia.

PHE, a subsidiary of state-run oil and gas firm PT Pertamina, started the talks after it realized its concession for the SK-305 block also contained natural gas that it could not sell at what it thought was a good price.

PHE president director Salis S. Aprilian said on Thursday that Pertamina and PVEP agreed to negotiate a gas price that was more economic and competitive.

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This entry was posted on Tuesday, October 2nd, 2012 at 6:00 am and is filed under Malaysia. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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