“ … 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.)

Thursday, July 10, 2008

Sengkawang to invest US$136 mln in Indonesia`s energy sector

Jakarta (ANTARA News/Asia Pulse) - PT Energy Sengkawang plans to invest US$136 million to build power plants and gas pipeline in Sengkawang, the regency of Wajo, South Sulawesi.

Company president Paul Ivan Edwards said Energy Sengkawan will invest around US$120 million in a 60-megawatt gas fired power plant and a 60-MW coal fired power plant projects.

The gas fired power plant is expected to be operational this year and the coal fired power plant to follow in 2010, Edwards said.

The gas pipeline project to cost around US$16 million will transport gas from the Baru well to the power plant.

Monday, July 07, 2008

Total Indonesia plans to spend $1.9 bln in 2009

Mon Jul 7, 2008 10:24am BST 

JAKARTA, July 7 (Reuters) - The Indonesian unit of French oil major Total (TOTF.PA: Quote, Profile, Research) plans to spend $1.9 billion in 2009 on development of new wells and upgrading older wells in the Mahakam block on Kalimantan island, a company official said on Monday. 

Indonesia, Asia Pacific's only OPEC member, has stepped up efforts to lure more foreign investment into the energy sector in a bid to increase the country's dwindling output. 

Total said last year it had made two new gas discoveries in the southern part of the offshore Mahakam block, about 45 kilometres (28 miles) from Balikpapan in Indonesia's East Kalimantan province. It expects the field to start producing in 2012. 

Total, one of the bigger investors in Indonesia's oil and gas sector, is seeking an extension of its contract for the Mahakam oil and natural gas block which is due to expire in 2017. 

The Mahakam block supplies about 80 percent of the feed gas for the Bontang liquefaction plant in Indonesia. Japan's Inpex (1605.T: Quote, Profile, Research) also holds a 50 percent share in the block, which is estimated to have to have 11 trillion cubic feet of gas. 

"The capital expenditure for 2008 is $1.9 billion, we will spend about the same in 2009," the head of Total E&P Indonesia, Philippe Armand, told reporters after meeting Vice President Jusuf Kalla. 

The 2008 capital expenditure figure is higher than an earlier estimate of $1.5 billion. 

"Total currently produces 2.6 billion cubic feet of gas per day. Maintaining such production levels in the next two to three years needs high capital," another Total official, who declined to be identified, told Reuters. 

The official said the firm expected the government to extend the Mahakam block contract following an liquefied natural gas (LNG) price agreement between Indonesia and Japanese buyers who buy from the Bontang plant. 

In March, an official at state oil firm Pertamina had said Indonesia and Japanese buyers have agreed on a price for the extension of LNG contracts which are due to expire in 2010 and 2011. 

Indonesia and Japan had agreed the LNG price based on crude oil prices will be around $16 per million British thermal unit if oil prices are at $100 per barrel. 

The new contracts are for 3 million tonnes a year over five years and another 2 million tonnes a year over the next five years. 

The new contract has not been signed yet as Indonesia and Japanese buyers are still talking on other issues. 

Indonesia has failed to meet all of its long-term contractual commitments for a number of years due to depletion of its gas fields and higher domestic demand, tightening the LNG market and driving up prices.

Indonesia's LNG production is set to slide by 4 percent this year, and exports may fall even further as it seeks to divert more gas to the domestic market, industry officials say. 

LNG production is expected to fall to 358 cargoes of 125,000 cubic metres each this year from 372 cargoes in 2007. 

(Reporting by Muklis Ali, Writing by Harry Suhartono, editing by Sugita Katyal)

Saturday, July 05, 2008

Indonesia asks for Delhi Metro's assistance

Business Standard, New Delhi July 04, 2008, 19:53 IST

Indonesia has sought Delhi Metro's assistance in providing consultancy services for the proposed metro system in its capital Jakarta.

A high level transport delegation  from Indonesia met E Sreedharan, MD, DMRC to discuss the possibility of DMRC providing consultancy service to the Jakarta metro.

The Indonesian delegation indicated that they would soon approach DMRC for signing a memorandum of understanding (MoU) in areas including economic operational viability studies since the Delhi metro is one of the few metro's in the world making operational profit.

Other countries that have shown interest in Delhi Metro's expertise include Syria, Pakistan, Ireland, Sri Lanka, Vietnam etc.

VP says Terminal 3 of Soekarno-Hatta Airport ready this year

Jakarta, (ANTARA News) - Vice President Jusuf Kalla has expressed optimism that the construction of Soekarno-Hatta International Airport`s terminal-3 would be completed at the end of this year.

"I have just inspected the construction site of terminal-3 and I find that it will be completed at the end of this year," the vice president said after the inspection at Soekarno-Hatta Airport on Saturday.

Meanwhile, project manager Yudhi Listiono said the completion of terminal-3 has reached 38 percent from the original target of 37 percent.

Yudhi also explained to the vice president that the construction of the terminal was divided into five phases and would be completed in two years.

"But the first phase will be ready at the end of this year," Kalla said.

The vice president explained that when the first phase of terminal-3 was ready, it would be able to accommodate 4 million people, but when all five phases were ready they would accommodate 20 million people.

"So far, terminal-1 and terminal-2 only accommodate around 20 million, but every year they accommodate more than 34 million passengers," Kalla said.

Therefore, he asserted that the construction of terminal-3 should be accelerated to anticipate the increasing economic growth.

UOW to lead major study of Indonesian marine fisheries

University of Wollongong, 4 Jul 2008 | Bernie Goldie 

A research team from the Australian National Centre for Ocean Resources and Security (ANCORS) at the University of Wollongong has won a major four-year, $1.5 million nationally competitive research grant that could have a significant impact on marine fisheries in Indonesia. 

The project is funded by the Australian Centre for International Agricultural Research (ACIAR). 

The University team is led by Associate Professor Ron West, a leading Australian fisheries scientist and includes Professor Martin Tsamenyi and Dr Mary Ann Palma, experts in ocean law and policy. The CSIRO (Marine and Atmospheric Research) and the Indonesian Ministry for Marine Affairs and Fisheries (MMAF) will be collaborators in the research. 

Indonesian fisheries are among the largest and most productive worldwide, and are critical to that nation’s economic development and in providing food resources to millions of people. 

Based on the UN's Food and Agricultural Organisation's (FAO) data for 2004, about 4.5 million tonnes of marine fish (valued at about $US3.2 billion) are harvested by millions of people using a wide range of fishing gears, including hundreds of thousands of fishing boats. 

Professor West said this places Indonesian marine capture fisheries among the top five in terms of fisheries production. 

FAO data have shown that many regency, provincial and national government agencies are involved in administering these fisheries and that the current arrangements have led to a confused situation where “effective management is difficult to achieve”. 

As a result of the lack of effective management, Illegal, Unreported and Unregulated (IUU) fishing throughout Indonesian waters has become a major issue that confounds attempts to manage fish stocks. 

"Consequently, there is an urgent need to develop effective assessment and policy frameworks to better manage Indonesian fisheries," Professor West said. 

The primary objective of the research project will be to develop a better understanding of the characteristics of the many of the district and provincial fisheries throughout Indonesia (for example, details of the fishing methods, capture species, fished areas, unregulated fishing activities, licensing and regulatory framework) and to investigate new and innovative assessment and management approaches. 

It will require a detailed survey of fish markets throughout Java, Lombok and Bali, and investigating policy options with the goal of improving long-term sustainability. 

"This project is likely to have significant impacts on marine fisheries in Indonesia, such as improvements in the quality of fisheries data, stock assessments, fishery information; increased capacity in terms of fisheries management, particularly within provincial government; adoption, broader dissemination and further refinement of resource assessment methodologies; and, new policy and regulatory frameworks," Professor West said. 

It is expected that the research will lead to the establishment of more effective fisheries management; greater sustainability in fishing practices; improved food security; more sustainable catches; economic benefits to local communities; and, increased government revenue.

Friday, July 04, 2008

Antam to acquire interest in Martabe Gold, Silver Project

The Jakarta Post 

Antara, Jakarta | Fri, 07/04/2008 6:34 PM 

State mining company PT Aneka Tambang (Antam) on Friday announced it had signed a memorandum of understanding (MoU) with Australian-based Oxiana Limited. 

The basis of the MoU with Oxiana is to cooperate in examining opportunities and to form joint ventures or other cooperative ventures for the exploration, development and operation of precious or base metal or bulk commodity projects within Indonesia, PT Antam said in press statement. 

The first transaction under the MoU to be considered is for Antam to acquire an interest in Oxiana's Martabe gold and silver project in the Indonesian province of North Sumatra. The Martabe gold project is owned by PT Agincourt Resources, in which Oxiana holds a majority interest. 

Antam's new president director, Alwin Syah Loebis, said "the execution of the MoU with Oxiana is in line with our intention to keep gold as an important part of our product mix and to offset the depleting reserves of our gold mine at Pongkor." 

Acquiring gold and diversifying away from nickel were important parts of the company's main strategy to create shareholder value in the medium term, he said. 

Under the MoU, Antam will purchase 10 percent of the Martabe project for US$66.5 million and has an option to acquire a further 10 percent of the Martabe project for a further US$66.5 million, subject to adjustments for movements in the market prices for gold and silver, operating and capital costs and other matters on successful commissioning of the project. 

Antam is also able to acquire a further 5 percent of the Martabe project for a consideration based on the market value of the project at the time. 

This further option is subject to Oxiana approving the expansion of the Martabe project to an annual production rate of not less than 300,000 ounces (9 tons) of gold equivalent production per annum. 

The Martabe gold project involves the development of the Martabe gold and silver deposit in Northern Sumatra, Indonesia, at an estimated capital cost of US$310 million. 

Antam had considered investing in Martabe in 2006 but decided to not pursue the acquisition beyond a certain price.

UNESCO supports planned world ocean conference in Manado

The Jakarta Post

Antara, Manado | Fri, 07/04/2008 6:39 PM 

UNESCO has pledged its support for the World Ocean Conference (WOC) to be held in Manado from May 11 to 15, 2009 as part of efforts to deal with global warming.

"Several member states of UNESCO have expressed their readiness to participate in WOC in Manado, as their response to the threat of environmental and marine degradation," North Sulawesi Governor Sinyo Sarundajang told the press here on Friday.

Sarundajang attended the Intergovernmental Oceanographic Commission Forum, the 41st Session of the UNESCO Executive Council, in Paris from June 24 to July 1, 2008.

Some 50 countries attending the UNESCO forum expressed their support for the Indonesian government initiative to organize WOC because marine environmental preservation is crucial for the whole world, he said.

The governor and Indonesian Ambassador to UNESCO Aman Wirakartakusumah was asked to present the plans for WOC at the UNESCO meeting.

They also held a meeting with UNESCO World Heritage Center deputy director Kishore Rao to report on what North Sulawesi had done to prepare its Bunaken Marine Park as a world marine biodiversity site.

Indonesian students not so interested in studying in Netherlands

Jakarta (ANTARA News) - Indonesian students have low interest in pursuing studies in the Netherlands so that they needed to be encouraged further, Marrik Bellen, director of the Dutch Educational Assistance Office (NESO), said here on Thursday.

Bellen said only about 500 Indonesian students go to the Netherlands to pursue further studies with scholarships or through a self-funding mechanism every year.

"We will begin a new central registration system with the Dutch Embassy in Jakarta so that we will know the exact number of Indonesian students who go to the Netherlands for further studies," he said.

He said that compared with Australia and Britain, the Netherlands had not yet become a main destination to Indonesian students due to various reasons.

Bellen said the main reason was that Dutch universities were not being promoted in Indonesia as intensively as British and Australian ones.

He said the aim of Dutch universities in inviting students was not seeking for profit because they adopted a public system financed by the government.

The number of international students in the Netherlands reached 50,000 a year, of which 25,000 come from European countries, 19,500 from non-European nations and about 7,000 exchange program students.

Indonesian president to launch massive Total gas fields

SENIPAH, Indonesia (AFP) — Indonesian President Susilo Bambang Yudhoyono is due to inaugurate Friday a massive new gas operation off Borneo by French giant Total, the company said.

The first phase of the Sisi-Nubi gas fields off East Kalimantan's Mahakam Delta went on stream in November and is scheduled to reach peak production of 350 million cubic feet (10 million cubic metres) a day by the end of the year.

Total, which operates Sisi-Nubi with INPEX and state energy monopoly Pertamina, is the largest gas producer in Indonesia.

The massive offshore project off the eastern end of Borneo has been highly anticipated as Indonesia seeks to cash in on surging prices for oil and gas.

The Sisi-Nubi fields will expand the existing Mahakam block, enabling Total to hold output at around 2.6 billion cubic feet per day into the next decade, according to the company.

Thursday, July 03, 2008

Bayan aims to raise Rp 6.4 trillion from IPO in August

Alfian, The Jakarta Post, Jakarta | Thu, 07/03/2008 10:38 AM

Coal producer PT Bayan Resources plans to sell 25 percent of its shares through an initial public offering (IPO) in August and expects to gather up to Rp 6.4 trillion in proceeds.

The country's eighth largest coal producer will sell 833.33 million shares, 500 million of which are existing shares and the remaining 333.33 million new shares, at prices ranging between Rp 5,600 and Rp 7,700 each, said Akhabani, a director at PT Trimegah Securities, which is arranging the sale.

The book-building period for the IPO will run from July 29 to August 1, 2008. The shares will begin trading on August 8, 2008, on the Indonesian Stock Exchange.

Company president director Eddie Chin Wai Fong said approximately 60 percent of the proceeds would be paid to existing shareholders.

The remaining 40 percent of the proceeds will be used on expansion projects, including the acquisition of a floating transfer station in Kalimantan worth up to Rp 315 billion and the development of coal mining projects in East and South Kalimantan that will absorb up to Rp 1.02 trillion, he said.

The company is considering whether to acquire more coal mines in the future, Eddie said.

Finance director Alastair McLeod said with the coal sales price expected to increase to an average of between $76 and $80 per ton by the end of the year, the company forecasts revenue to reach more than $750 million in 2008, up from $374 million last year.

The year net profit depends much on the fluctuation of crude oil prices as fuel consumption contributes 30 percent to the production costs, Alastair said. He refused to make a net profit estimate.

The company booked Rp 252.7 billion in net income last year.

Bayan expects to increase its coal production to 9 million tons this year from 4.7 million tons last year. The 2008 projected sales volume is 9.9 millions tons, up from 7.1 million tons last year.

Through its eight subsidiaries, Bayran owns the rights to mine coal in 81,265 hectares of land in East and South Kalimantan. The company exports all of its coal production, but remains aware of the need to fulfill domestic demand.

"We have participated in the PLN (state-owned electricity company) tenders and we would continue to do so," McLeod said.

Wednesday, July 02, 2008

RI explores free trade agreement with Australia, NZ, India

The Jakarta Post

Antara, Jakarta | Wed, 07/02/2008 3:20 PM

Indonesia is exploring the possibility of concluding Free Trade Agreements with Australia, New Zealand and India after signing similar pacts with China, ASEAN and South Korea, says a Finance Ministry official.

"We have held preliminary discussions with India, Australia, and New Zealand, but the most comprehensive talks were held with Japan," said the Finance Ministry's Fiscal Policies Board chief Anggito Abimanyu on Wednesday.

He said the agreements with the three countries would probably cover trade aspects rather than economic cooperation in a wider sense.

"But maybe they will only provide for free trade or reduction of import duties," Anggito said.

Commenting on the Indonesia-Japan Economic Partnership Agreement (IJ-EPA), Anggito said that under the agreed cooperation framework there were two import duty reduction schemes, namely the general reference tariff scheme and the user specific duty free scheme (USDFS).

Under the IJ-EPA, especially in relation to the general preference tariff scheme, it was agreed that Indonesia would lower of its duty tariff posts to zero percent starting on July 1, 2008, while Japan would lower 80 percent of its tariff posts.