“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)
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Friday, October 26, 2007

$10 billion energy deals to be signed next week

Ika Krismantari, The Jakarta Post, Jakarta

The government and a number of companies are set to sign energy contracts worth about US$10.125 billion at the opening of the Asia Pacific Oil and Gas Conference and Exhibition (APOGCE) 2007 here Monday.

"The signing of the contracts will be witnessed by President Susilo Bambang Yudhoyono," Energy and Mineral Resources Ministry secretary-general Waryono Karno said Thursday.

According to a document received by The Jakarta Post, the agreements cover finance and development of oil and gas projects, power projects and natural gas sales.

The highest value deal to be signed relates to sales agreements for 1.641 trillion British thermal units of gas worth about $5.5 billion.

Other projects include agreements governing development of the Oyong (oil) and Ujung Pangkah (oil and gas) fields in East Java, respectively worth an estimated $303 million and $930 million.

The Oyong field, operated by Australia-based Santos, is expected to produce 6,000 barrels of oil per day, while Ujung Pangkah, operated by US-based Hess, is to produce 6,000 barrels per day and 10 million cubic feet of gas per day.

During the event, state-owned electricity company PLN will also sign five power purchase agreements with independent power producers and agreements for the construction of five coal-powered plants to be built outside of Java as part of the government's crash program to produce 10,000 additional megawatts (MW) of electricity by 2010.

The five new plants are in North Sumatra (400 MW), Lampung (200 MW), North Sulawesi (50 MW), Gorontalo (50 MW) and West Nusa Tenggara (50 MW).

"We will also see the signing of the second stage loan agreement for the Tangguh project which is worth $884 million," Waryono said.

The loan will be provided by a consortium of lenders led by China's Fujian bank.

Tangguh operator BP Indonesia, the Indonesian arm of BP Plc, signed first tranche facility agreements worth $2.6 billion in August last year with Japan Bank for International Cooperation, Asian Development Bank and a consortium of international commercial lenders.

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