Indonesia plans to raise gas prices to China, Malaysia, SKorea

ENERGY TECH

by Staff Writers
Jakarta (AFP) June 25, 2008
Indonesia is seeking to raise the prices of natural gas in contracts signed with buyers from China, South Korea and Malaysia, an official said Wednesday.

The head of a team tasked with boosting the country's oil and gas output, Kardaya Warnika, told reporters that Chinese and Malaysian buyers "understood our position."

He added that the South Korean buyer would agree to renegotiate if Indonesia increased the gas volume to be shipped.

It is not the first time Jakarta has tried to increase gas prices since oil prices started to rise sharply recently.

Warnika said gas prices already agreed with offshore buyers were currently lower than prices in the domestic market.

"The prices of gas exports should be higher than domestic prices," Warnika added.

Indonesia has a deal to sell 2.6 million metric tonnes a year of liquefied natural gas to China's Fujian LNG for 25 years starting in 2009.

South Korea's K-Power and POSCO also have deals with Indonesia to buy up to 800,000 tonnes a year for 20 years.

The gas for those buyers will be supplied from the Tangguh plants being built by a BP-led Tangguh consortium in Papua.

Indonesia also has a 20-year contract with Malaysia, signed in 1995, to supply natural gas from an offshore field in the Natuna Sea.

- Dow Jones Newswires contributed to this strory -

Memory Foam Mattress Review

SPACE MEDIA NETWORK PROMOTIONS
Solar Energy Solutions
Tempur-Pedic Mattress Comparison ...

Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

ENERGY TECH

Top US court slashes Exxon Valdez oil damages

Washington (AFP) June 25, 2008
The US Supreme Court Wednesday rejected as excessive 2.5 billion dollars in punitive damages awarded to victims of the Exxon Valdez oil disaster and said it should be cut to 507 million dollars.

INTERNET SPACE Hughes Breaks The Speed Barrier With Fastest Consumer Satellite Internet Access Plans Ever Lower costs drawing users to mobile Internet: industry Ships Face Loss Of Broadband Cover Analysis: Crackdown on domain name crooks	LAUNCH PAD ProtoStar I And BADR-6 Are Ready For Next Ariane 5 Launch CU-Boulder Students Set To Launch Student Rocket Payloads June 27 Kourou Spaceport Receives Fifth Ariane 5 For 2008 The Fourth Ariane 5 of 2008 Is Delivered To Arianespace For A July 4 liftoff
AEROSPACE China to roll out new turboprop plane: report IATA head slams EU plans to include aviation in emissions trading A Plane With Wings Of Glass US Airways signs code-sharing deal with Air China	MILITARY COMMUNICATIONS SeaMobile Awarded Contract With United States General Services Administration DARPA Research Project To Advance Radar And Communications Systems Raytheon Awarded DARPA Contract To Increase System Information Assurance New Product Enhances Security In Satellite Control Center Applications
TECH SPACE BAE Computers To Manage Data Processing For Satellite Missions 'Spore' computer game aliens coming to virtual life Space Radar To Improve Mining Safety Integral Systems Integrated Solution To Support JCSAT-12	APPOINTMENTS US army to get its first female four-star general Raytheon Names Catherine Blades VP Communications And Public Affairs Space And Airborne Systems Globalstar AppointS Thomas Colby Chief Operating Officer SES AMERICOM Announces Change In Executive Management
EARTH OBSERVATION Bird Watchers And Space Technology Come Together In New Study Ocean Satellite Launch Critical To Australian science GAO Report Reveals Continuing Problems With NPOESS Satellite for tracking sea levels set for launch	GPS NEWS Fleets Can Save Money And Reduce Emissions Location Based Technologies Commences PocketFinder Pilot Production Navtones Signs Kim Cattrall For Celebrity Turn-By-Turn Navigation Alanco's StarTrak Systems Introduces Sentry ReeferTrak Fuel Savings Technology

The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement