Five gas sales, purchase agreements signed

Five gas sales and purchase agreements (GSPAs) including amendment of GSPAs were signed at the opening of the seventh Indonesia Gas Conference & Exhibition (Indogas) in Jakarta on Tuesday.

The entire gas agreements were dedicated to help meet domestic demand, said upstream oil and gas authority SKK Migas in a statement. SKK Migas Chief Amien Sunaryadi and Acting Director General of Oil and Gas I Gusti Nyoman Wiratmaja witnessed the signing ceremony.

SKK Migas said further in the statement that it was committed to increase gas supply at home. Since 2003, gas supply for the domestic market has been increasing at an annual rate of 9 percent, and in 2013, the volume of gas to meet domestic market exceeded the volume for export. The volume of gas committed for the domestic market this year reaches 4,403 bbtud, while volume allocated for export is 2,836 bbtud.

Following is the list of the five GSPAs.

No.	Seller	Buyer	Form of agreement	Period of contract	Daily delivery volume	Contract volume
1.	PT Medco E&P Malaka	PT Pertamina (Persero)	GSPA	? 13 years	58 BBTUD	198 TBTU
2.	Vico CBM Ltd	PT PLN (Persero)	Amendment of GSPA	?? 5 years	0.5 MMSCFD	607,500 MSCF
3.	ConocoPhilips (Grissik) Ltd	PT Energasindo Heksa Karya	Second amendment of GSPA	?? 10 years	44 BBTUD	115.7 TBTU
4.	Pertamina Hulu Energi ONWJ	PT Pertamina (Persero) Unit Pengolahan VI-Balongan	Amendment of GSPA	? 2 years 1 January 2015 through to 18 January 2017 or until contracted gas volume fully absorbed	20 BBTUD	14.7 TBTU
5.	PT Medco E&P Indonesia	Perusahaan Daerah Mura Energi	Amendment of GSPA	? 11 years 7 months	1.8 BBTUD for first two years and then increases to 2.5 BBTUD until expiry of contract	8.75 TBTU

Editing by Reiner Simanjuntak