Twelve gas contracts worth $6.8 billion signed

Jakarta (ANTARA News) - Twelve companies here Tuesday signed purchase and sale contracts on 1.672 trillion British thermal units (TBTU) of natural gas worth US$6.8 billion.

The signing was done at the opening of an Asia Pacific Oil and Natural Gas Conference in the presence of President Susilo Bambang Yudhoyono.

The contracts were between:

1. State electricity firm PT PLN and Kangean Energi Indonesia (KEI) Ltd, for the supply of 369 TBTU worth US$1,364 million, for 18 years;

2. PT Pertagas and KEI Ltd, for the supply of 220.9 TBTU worth US$806.01 million for 10 years;

3. PT Indogas Kriya Dwiguna and KEI Ltd, for the supply of 79.241 TBTU worth US$293.19 million for 11 years;

4. PT Inti Alasindo Energy and Husky Oil (Madura) Ltd, for the supply of 170.4 TBTU worth US$734.40 million, for 20 years starting in 2012.

5. PT Parna Raya and Husky Oil (Madura) Ltd, for the supply of 170.4 TBTU worth US$734.40 million, for 20 years starting in 2012;

6. State-owned gas company PT PGN Tbk and Husky Oil (Madura) Ltd, for the supply of 85.2 TBTU worth US$367.20 million, for 20 years starting in 2012;

7. PT Riau Andalan Pulp and Paper (RAPP) and Kalila (Bentu) Ltd, for the supply of 84.5 TBTU worth US$381.09 million, for 14 years starting in 2007.

8. PT Energasindo Heksa Karya and ConocoPhillips (Grissik) Ltd, for the supply of 65.7 TBTU worth US$269.13 million, for eight years starting in 2008.

9. PT Energasindo Heksa Karya and Costa (International) Ltd, for the supply of 24.147 TBTU worth US$129.54 million, for eight years starting in 2008.

10. PT Petro Kimia Gersik and KEI Ltd, for the supply of 188.9 TBTU worth US$646.63 million, for 20 years starting in 2010.

11. PT Pupuk Iskandar Muda and Medco Malaka, for the supply of 200.6 TBTU worth US$1.043 billion, for seven years starting in 2010.

12. PT Gasuma Corporindo and PT Pertamina (Persero), Pertamina EP, PetroChina International Java Ltd, and Medco E&P Tuban, for the supply of 13.14 TBTU worth US$21.02 million, for six years starting in 2008.