“ … 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.)

Wednesday, October 31, 2007

BP Indonesia signs US$884 mln loan deal for Tangguh LNG project

Jakarta (ANTARA News) - BP Indonesia, the Indonesian arm of the UK's BP Plc, has signed an 884 million US dollar syndicated loan with six international financial institutions for additional funds to finance the Tangguh liquefied natural gas (LNG) project, the head of Indonesia's upstream oil and gas regulator (BP Migas) Kardaya Warnika said Wednesday.

The loan agreement was signed a few days ago with Intesa, Bank of Tokyo-Mitsubishi, DnB, Bank of China, Royal Bank of Scotland and Mitzuho, Warnika was quoted as saying by Thomspon Financial.

The syndicated loan will have a tenor of 15 years and an interest rate of LIBOR plus 0.335 percent.

BP and its partners have already signed a 2.6 billion US dollar agreement with the Japan Bank for International Cooperation, the Asian Development Bank and several international commercial banks to finance the Tangguh project.

The group is expecting to produce natural gas from the Bintuni Bay area in the easternmost province of Irian Jaya Barat, or Papua. The area has proven reserves of 14.4 trillion cubic feet and the project is expected to last for 30 years.

The project is expected to start commercial operation by early 2009.

BP has a 37.16 percent stake in the LNG project through wholly owned units BP Breau Ltd, BP Muturi Holds BV and BP Wiriagar Ltd, while China's CNOOC Ltd owns 16.96 percent.

Other owners include Nippon Oil Exploration with a 12.2 percent stake and LNG Japan Corp, a joint venture between Sumitomo Corp and Sojitz Holdings Corp, which owns 7.35 percent.

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