Several companies signs gas and LPG agreements
Friday, January 16 2004 - 10:25 AM WIB
The signing took place on the sidelines of the Stakeholders Meeting between President Megawati Soekarnoputri and oil and gas corporate leaders at the Bogor palace.
The companies are state electricity company PT PLN, which signed a head of agreement to buy gas from Chinese firm CNOOC; state gas distribution company PT PGN which signed a head of agreement to buy gas from Australian firm Santos; state-owned steel maker Krakatau Steel which signed a head of agreement to buy gas from local firm Exspan Nusantara; and state owned oil and gas company Pertamina signed a contract to buy LPG from Expan Nusantara.
The following table contains the details of the agreements:
| No. | Seller | Buyer | Type of Agreement | Volume (TBTU) | Amount (US$ million) | Start | Period (year) | Location |
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| 1. | CNOOC SES Limited | PT PLN | HoA | 370 | 991.6 | 2005 | 13 | Offshore Southeast Sumatra to Cilegon, W. Java |
| 2. | Santos (Madura Offshore) Pty Ltd | PGN | HoA | 267 | 608.76 | 2005 | 8 | Maleo gas field to East Java |
| 3. | PT Exspan Nusantara | PT Krakatau Steel | HoA | 393 | 983 | 2007 | 11 | Kaji/Semoga field, S. Sumatra to Cilegon, W. Java |
| 4. | PT Exspan Nusantara | PT Pertamina (Persero) | SPA | 90-130 tons/day | 8 | Feb 04 | 1 | Kaji/Semoga field, S. Sumatra |