Gas Price quandary
Indonesia approved ConocoPhillips' request to increase the price of gas sold from the firm's Grissik field to state-owned gas company PGN. PGN is not allowed to adjust prices for sale of gas.
August 15, 2017
ConocoPhillips got its long awaited wish. After years of proposing an increase in the price of gas sold, Indonesia approved the increase in the price of gas sold from ConocoPhilips' Grissik field in the Corridor block, South Sumatra, to state owned gas firm Perusahaan Gas Negara (PGN).
The approval came in a letter signed by Energy and Mineral Resources Minister Ignatius Jonan, numbered 5882 and dated on July 31. "We approve the change of the selli
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