PLN set to make payment to Nusantara Regas

By Godang Sitompul

PT Nusantara Regas said on Tuesday it is scheduled on July 25 to receive the payment for LNG cargo it sent to state owned electricity firm PT Perusahaan Listrik Negara (PLN) in May.

?The sales and purchasing agreement (SPA) is nearing completion. The payment should be completed soon totaling US$20 million,? PLN Head of Oil and Gas Fuel Division M. Suryadi Mardjoeki told petromindo.com.

Contacted separately, Nusantara Director of Finance and Administration Soetikno confirmed it would finally receive the delayed payment. ?The payment will be made on July 25,? Soetikno told petromindo.com.

Editing by Dadan Wijaksana