Higher Tangguh LNG price

March 15, 2008

Hopefully the higher Tangguh LNG Price will also benefited Papuan.

JAKARTA, March 14 (Reuters) – Indonesia will ask China National Offshore Oil Corp. (CNOOC) to increase its price for liquefied natural gas (LNG) from the BP-led (BP.L: Quote, Profile, Research) Tangguh project in Papua, an energy watchdog official said on Friday.

CNOOC (CEO.N: Quote, Profile, Research)(0883.HK: Quote, Profile, Research), which has a 17 percent stake in Tangguh, has contracted to lift 2.6 million tonnes a year — about a third of its capacity — over 25 years to a new terminal in Fujian. Read the rest of this entry »

Freeport pays Indonesia 1.8 billion dlrs in 2007

February 5, 2008

Source: AFP 

JAKARTA (AFP) – The local Indonesian unit of US mining giant Freeport said Monday that it paid the government here 1.8 billion dollars in 2007 amid soaring commodity prices and solid production. Read the rest of this entry »

Investment News: Talisman Energy deal boosts competitive position in LNG market

January 29, 2008
Posted: January 28, 2008, 1:55 PM by Jonathan Ratner
Source : nationalpost

Talisman Energy Inc. has acquired a 3.06% stake in the Tangguh Liquefied natural gas (LNG) project in West Papua, Indonesia for US$212.5-million through the purchase of CNOOC Wiriagar Overseas Ltd. The project, which is expected to produce LNG sometime in late 2008, consists of offshore gas wells, production facilities, pipelines and LNG plant facilities with operating capacity of 7.6 million tons per year. Read the rest of this entry »