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Thursday, November 30, 2006

Indonesia, Japan sign energy contracts worth USD 2 bilion

Tokyo (IOGNews/Asia Pulse) - Indonesia's Energy and Mineral Resources Minister Purnomo Yusgiantoro announced on Tuesday, that an Indonesia-Japan Energy Round Table meeting has produced three new contracts on oil, gas and energy collectively worth USD2
billion.

"There are three contracts worth USD 2 billion, one of which is for LNG trading between state oil company PT Pertamina BP Berau and Tohoku Electric Power...that is valued at USD 1 billion," the minister said.

The other two agreements, worth USD 500 million each, were for the construction of thermal power plants in Tanjung Jati and Cirebon, West Java.(antara)

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