JAKARTA (rambuenergy.com) – PT Pertagas Niaga, a subsidiary of state owned oil and gas company PT Pertamina, has signed an agreement with gas distributor PT Perusahaan Gas Negara Tbk (PGN) to sell 8 million standard cubic feet per day (MMSCFD) of gas, with potential ramping up to 25 (MMSCFD).
The gas sales and purchase agreement (GSPA) was signed on Tuesday (June 30) by top executives of the two companies, witnessed by Minister for Energy and Mineral Resources Minister Sudirman Said, Pertamina’s President Director Dwi Soetjipto and Chairman of Special Task Force for Upstream Oil and Gas Amien Sunaryadi.
The contract is extendable for 5 years.
Pertamina has also on the same day signed agreement to purchase LNG from Jangkrik fields within Muara Bakau PSC, which is operated by Italy’s giant oil and gas company ENI. The LNG will be delivered for seven years at a volume of 1.4 million tons per annum, starting from 2017.
Pertamina also on the same day signed LNG Sales and Purchase Agreement (LNG SPA) with PT Donggi Senoro LNG has signed to purchase DSLNG’s first cargo production to be shipped to Arun Regasification and Receiving Terminal. The agreement is part of DSLNG’s sales to domestic spot market.
“All of the LNG purchase will be used to meet domestic gas demand which keeps increasing every year. Pertamina is ready to play major role, in particular in supplying LNG as well as the development of infrastructures such as LNG regasification, LNG receiving terminals and gas pipelines across Indonesia,” said Pertamina’s Director for New and Renewable Energy Yenni Andayani. (*)