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Rabu, 09 Februari 2011

Kangean Energy Signs Gas Sale Agreement with PLN, Pertagas and Indogas - The Indonesia Today

Kangean Energy Indonesia Limited had in December 2010 signed gas sale and purchase agreement with state utility PT Perusahaan Listrik Negara (PLN), PT Pertamina Gas (Petragas) and PT Indogas Kriya Dwiguna (Indogas).
Kangean Energy, a unit of PT Energi Mega Persada Tbk (ENRG) is operator of Kangean PSC Block.

Based on the agreement, Kangean Energy to sell 300 million cubic feet per day (mcfd) of gas produced by Kangean PSC in Terang Sirasun Batur field.

Based on contract, PLN will purchase 368.7 tbtu of gas at price of US$5.15 per mmbtu for the period of 31 January 2012 to 30 December 2028.

Petragas will buy 221 tbtu at price of US$5.15 per mmbtu starting January 2012 plus 3,288 days.

Indogas will take 79.2 tbtu at price of US$5.15 per mmbtu for the period of 31 January 2012 to 7 December 2022.

Energi Mega holds 50% interest in Kangean Energy which will start producing 300 mcfd at a price of above US$5 per mmbtu.
Posted by Saham Pilihan at 15.45

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