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Jakarta Post

Tangguh LNG renegotiation with China to resume: Kalla

  • The Jakarta Post

Jakarta   /   Wed, December 31 2008   /  10:50 am

Despite falling oil prices, the government has insisted on moving forward with a process of renegotiating with China for the price of liquefied natural gas (LNG) from the Tangguh field in Papua for export to the country. After being halted for sometime due to the outbreak of the global financial crisis in the third quarter of this year, the government is slated to resume the renegotiation with its Chinese counterpart in January, according to Vice President Jusuf Kalla. "We will refresh (the negotiation) in January 2009," Kalla said during his visit to the Tangguh LNG project in Bintuni Bay, West Papua province on Tuesday as reported by Antara. When visiting China earlier, Kalla said the Tangguh LNG contract with China would be renegotiated because the position of Indonesia was seen as on the losing side. However, he did not disclose any details of ...