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Something New from Beijing

Tuesday, July 7, 2009

South Korea made concessions in the renewal of the Tangguh natural gas contract. This should inspire the team led by Sri Mulyani to immediately renegotiate with China.

arsip tempo : 178043282543.

. tempo : 178043282543.

THIS is why non-stop lobbying is important. Two Korean companies purchasing liquefied natural gas (LNG) offered concessions when they were asked to reexamine sales contracts. After almost four years of difficult discussions, the Pohang Iron Steel Company (Posco) and L-Power agreed to raise their price for gas from the Bintuni Gulf, in Papua province, above the previously agreed amount.

They agreed to amend the gas purchase contracts and all side

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