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A Good and Necessary Do-Over

Tuesday, September 2, 2008

The Tangguh gas sales contract with the People’s Republic of China is detrimental for Indonesia. Renegotiating to improve the deal should not be difficult.

arsip tempo : 173221593765.

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A lesson is being learned from China. It began with a debate over a sales contract for gas from the Tangguh field to China. This was not out of line. The thing is, according to Indonesian Vice President Jusuf Kalla, if the contract scheduled to begin next year goes ahead, Indonesia stands to lose Rp750 trillion or roughly the equivalent of last year’s national budget. President Yudhoyono has acted quickly by forming a negotiating team. This tea

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