Indonesia shows keen interest in energy cooperation with China

Jun 23, 2004 02:00 AM

Indonesia's State Minister for Revenues and State Companies Laksamana Sukardi, who also heads the board of the state oil and gas company PT Pertamina, said that Indonesia sees bright prospect with China in the fields of energy cooperation in light of the solid and fast developing relations between the two countries.
Laksamana made the remarks during his meeting with Chinese vice-premier Huang Ju as guest of PetroChina Company upon his arrival.
"Energy cooperation is an issue between companies, but when strategic oil reserve is mention, it is also an important political issue," he said.

He looks forward to the signing of a Memorandum of Understanding (MoU) to sell LNG to China's Shandong province, he said.
"Great minds think alike," Vice-Premier Huang told the Indonesian official, saying that Chinese government, as well as its oil companies, are also keen in expanding cooperation with Indonesian in the fields of oil and gas exploration and production.

According to agreement alreadysigned by the two countries, Indonesia will transport LNG to China's Fujian Province from 2007, with an annual supply of 2.6 mm tons of LNG.
China became an oil net importer in 1993, and was the second largest oil importer in the world last year after the United States, with the imported crude oil exceeding 91 mm tons. Experts predict that China will consume about 270 mm tons of crude oil this year, with the net imports of over 100 mm tons.

Source: Xinhua News Agency
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