PIM eyeing gas supply from Tangguh, Eni
Monday, October 20 2008 - 06:41 AM WIB
CEO Mashudianto told reporters that it had expressed its interest to buy gas from Tangguh to upstream oil, gas authority BPMIGAS.
He did not give detail about the price.
Under the swap mechanism, US oil, gas firm Exxon Mobil Corp., which supplies gas to Arun LNG plant in Aceh, could supply gas to PIM and reduces supply to Arun. Arun could then get the LNG cargoes from Tangguh and sell them to its customers in East Asia.
7.6MTPA Tangguh LNG plant will start production in 2009 and has been fully contracted. However, under the deal to its North American customer Sempra Energy, Tangguh could divert half of the 3.7MTPA supply from Tangguh to other buyers which are willing to pay better price.
Mashudianto said PIM is also eyeing gas supply from Eni SpA-operated Krueng Mane gas fields starting 2015. He said PIM is looking for long-term supply of 60MMCFD from Krueng Mane, but could offtake more if the gas field has more reserves.
Krueng Mane exploration block, which was signed in September 1999, is located approximately 50 km north of the Arun LNG plant. ENI has currently 100 percent interest in the block.
Krueng Mane block has proven undeveloped reserves of 183 billion cubic feet within the JAU Field and exploration potential of at least 4.5 trillion cubic feet reserves in the three main prospects (BSN, Safir & Emerald). (godang)