LNG

Salamander Energy agrees 20-year supply contract with Indonesian power company

Salamander Energy has agreed a 20-year gas supply contract with Indonesian state-owned power company, PT PLN (Persero), at a price of $4.79 per thousand Btu (MBtu), the company said on Tuesday.
By Andreas Walstad 28 June 2011 0 251

Salamander Energy has agreed a 20-year gas supply contract with Indonesian state-owned power company, PT PLN (Persero), at a price of $4.79 per thousand Btu (MBtu), the company said on Tuesday.

The gas will be supplied from the Kerendan gas field in the Bangkanai licence, onshore Kalimantan - the Indonesian portion of the Borneo Island. The total contract volume is 130 trillion Btu, divided into a daily contract quantity of 16.2 billion Btu per day. The volumes will rise to 20.3 Mbtu per day by 31...