Indonesia to develop smaller gas fields for domestic consumption

Jul 17, 2000 02:00 AM

Indonesia wants to develop smaller gas fields expressly for domestic consumption. The country's larger gas fields - including Natuna, Arun, Bontang, and Tangguh - provided the basis for Indonesia's highly successful stand-alone export LNG operations. But many smaller fields were going undeveloped because currently they had no markets.
William T. Fanagan, Chairman of the Indonesian Petroleum Association, had suggested a rethink about the smaller fields. "We need a workable domestic gas policy that promotes the widespread use of gas and invests in expanded gas infrastructure," he was quoted as saying. He said such a policy would reduce the use of subsidised fuels and expand the exploration and development of new fields.
The government certainly seems to be picking up on the idea. The state oil company Pertamina had recently improved the terms of gas production sharing agreements. Under the new terms investors would receive 30 % of gas revenues - double the rate they currently receive under oil PSC's.

Source: Energy24
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