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 »