Tempo Interactive, Friday, 05 February, 2010 | 19:42 WIB
TEMPO Interactive, Jakarta: Japanese electrical company Chubu Electric Power will buy Tangguh liquefied natural gas this year.
The shipping for Chubu will begin this year and last until 2018.
“The Minister of Energy and Natural Resources Darwin Zahedy Saleh has approved it,” said the Head of upstream oil and gas regulator BPMigas R. Priyono in a meeting with the House of Representatives Energy Commission yesterday.
Chubu has an allocation of 700,000 metric tons per year after Korea Gas Corp (gas company from South Korea) delayed its order because of the economic crisis.
Korea Gas signed an agreement to buy 1 million tons of Tangguh LNG in 2010-2012.
Priyono deemed the agreement to be the best.
“The buy-sell gas price is the highest among other gas contracts,” he said.
The remaining 300,000 metric tons of LNG for which shipments have been delayed has not been decided upon yet.
On Tangguh LNG allocation for domestic market, Priyono said there was a decision to supply 1.5 million metric tons to a power plant in Belawan, Bali.
This a diversion option from Sempra (a US Company).
SORTA TOBING
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