PLN to sign 10 gas supply contracts
Thursday, July 10 2003 - 02:15 AM WIB
PLN?s president Eddie Widiono said negotiations with the suppliers, including British firm BP PLC, South Korean firm Kodeco, Indonesian firm Exspan, Chinese firm CNOOC, American firm ConocoPhilips and Australian firm Santos, were still in progress but the firm expected to sign the contracts on July 18.
?We hope the negotiations could be completed before July 18,? Eddie was quoted by Bisnis Indonesia as saying in Semarang.
He said PLN hoped to start receiving gas supply from the gas producers next year.
He said the signing of the contracts was in line with PLN?s plan to boost the use of gas at its power plants.
PLN has set the price for the gas at $2.7 per million British thermal unit (MMBTU). (*)