ID :
17964
Wed, 09/03/2008 - 21:45
Auther :
Shortlink :
http://m.oananews.org//node/17964
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TOKYO GAS TO BUY 500,000 TONS OF LNG FROM TANGGUH FIELD
Jakarta, Sept 3 (ANTARA) - Japanese gas company Tokyo Gas has agreed to buy up to 500,000 tons of liquefied natural gas (LNG) from Indonesia's Tangguh gas field in Papua province, an oil and mining official said.
"The gas (to be sold to Tokyo Gas) is a diversion from the volume originally to be supplied to Sempra, a gas company on the USA's West Cost," Tathor Rahman, marketing division head of the Upstream Oil and Gas Regulating Agency (BP Migas), said here on Wednesday.
He said the volume of LNG to be diverted from Sempra to Tokyo Gas could reach 500,000 tons annually.
Rahman said a total of 1.5 million tons of LNG per annum would be diverted from Sempra to other overseas buyers, namely 1 million tons to Korea Gas (Kogas) and 500,000 tons to Tokyo Gas.
He refused to reveal the price Tokyo Gas would pay because negotiations on the matter were still underway.
The price of LNG sold to Kogas reached US$20 per million British thermal unit (mmbtu). This price constituted buyer's spot price with reference to the Japanese cocktail Crude (JCC) price of US$120 a barrel.
The Kogas price is the highest sale contract price Indonesia has ever concluded with buyers.
PB Migas was also making efforts to divert its contract with Sempra to other buyerd in Japan and Thailand, namely Tohoku and PTT Thailand, Raman said.
"The gas (to be sold to Tokyo Gas) is a diversion from the volume originally to be supplied to Sempra, a gas company on the USA's West Cost," Tathor Rahman, marketing division head of the Upstream Oil and Gas Regulating Agency (BP Migas), said here on Wednesday.
He said the volume of LNG to be diverted from Sempra to Tokyo Gas could reach 500,000 tons annually.
Rahman said a total of 1.5 million tons of LNG per annum would be diverted from Sempra to other overseas buyers, namely 1 million tons to Korea Gas (Kogas) and 500,000 tons to Tokyo Gas.
He refused to reveal the price Tokyo Gas would pay because negotiations on the matter were still underway.
The price of LNG sold to Kogas reached US$20 per million British thermal unit (mmbtu). This price constituted buyer's spot price with reference to the Japanese cocktail Crude (JCC) price of US$120 a barrel.
The Kogas price is the highest sale contract price Indonesia has ever concluded with buyers.
PB Migas was also making efforts to divert its contract with Sempra to other buyerd in Japan and Thailand, namely Tohoku and PTT Thailand, Raman said.
