Tangguh Contract Extended Despite Disadvantageous
Tuesday, September 2, 2008
The Government extended the BP Tangguh oil and gas profit share contract until 2034 despite the potential for losses.
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THE meeting between Indonesia’s Vice President Jusuf Kalla and China’s Vice President Xi Jinping in the People’s Great Hall in Beijing, on Sunday last week, was not in vain. The Chinese Government is prepared to renegotiate the Tangguh contract, which supplies liquefied natural gas to Fujian Province in China.
The Tangguh project has certainly led to quite a controversy. The trigger was the sales price of gas, was was considered to be too
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