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Jakarta Post

Masela gas buyers to enjoy incentives from govt

  • Viriya P. Singgih

    The Jakarta Post

Jakarta   /   Tue, June 20 2017   /  12:09 am

The government is looking to roll out several fiscal incentives, including a tax holiday, for the buyers of gas to be produced at the Masela block in the Arafura Sea at a fixed price of US$5.86 per million British thermal unit (mmbtu).Japan-based oil and gas firm Inpex Corp., which holds 65 percent majority stake in the block, came with the fixed price proposal after conducting a preliminary study and submitted it as a recommendation to the Energy and Mineral Resources Ministry.The Industry Ministry’s director of upstream chemical industry, Muhammad Khayam, said Monday the government in addition to using the price proposal would also provide fiscal incentives, such as tax holiday.“We will provide some incentives so that it will be more economical for them [buyers],” he said after attending a meeting on the Masela block with stakeholders at the Office of the Coordinating Maritime Af...