Seven gas contracts worth $3.1 billion signed

JAKARTA (Antara): The Indonesian Implementing Body of Oil and Gas (BP Migas) signed Wednesday seven gas contracts with a total volume of 738.52 trillion British thermal units worth US$3.1billion.

The gas would be used to supply power plant, fertilizer firms, oil refinery and other industries.

BP Migas head Kardaya Warnika said the gas contracts were necessary to maintain the availability of gas at home.

"300 trillion Btu would be used by power plants, the rest will be for fertilizer firms, oil refineries, and other industries in West Java," he said.

The seven gas buyers are PLN (343.4 trillion Btu), Balikpapan refinery (65 trillion Btu), Pupuk Sriwijaya (326.03 trillion btu), Titis Sampurna (2.19 trillion Btu), Pertiwi Nusantara Resources (0.5 trillion Btu), and Energi Kompresindo (0.7 trillion Btu).(***)
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