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Jakarta Post

SBY assigns Mulyani to renegotiate Tangguh deal

  • The Jakarta Post

Jakarta   /   Fri, August 29 2008   /  10:43 am

Aiming to resolve the much-debated Tangguh gas deal with China, the government is setting up a team to be led by the Coordinating Minister for the Economy Sri Mulyani Indrawati to renegotiate the selling price. The team will be directly supervised by Vice President Jusuf Kalla, President Susilo Bambang Yudhoyono said Thursday. "The coordinating minister for economic affairs will name the members of a strong negotiating team in coordination with related technical ministers," the President said at a plenary Cabinet meeting here as reported by Antara. "The Vice President will supervise the work of the team to determine a more realistic price and appropriate benchmarks." The contract in question was signed in 2002 by the administration of then president Megawati Soekarnoputri. The arrangement called for Tangguh field to begin supplyin...