Sun, 07 Jan 2007
From: The Jakarta Post
By The Jakarta Post, Jakarta
State oil and gas firm PT Pertamina has delayed the construction of the US$179.7 million gas pipeline linking Semarang in Central Java and Gresik, East Java, due to a lack of gas supplies.

Pertamina president director Ari Sumarno said Friday that his company was still awaiting gas supplies from the Cepu block.

"If there is no gas, how can we build it?" Ari said, adding that Pertamina planned to propose an extension to the deadline for the commencement of construction, which was due to start this year.

Ari also said that Pertamina had still to find buyers for the future gas supplies.

Downstream oil and gas regulatory agency, BPH Migas, named Pertamina as the winner of the Semarang-Gresik gas pipeline project in March 2006. Based on the contract, Pertamina was required to start construction this year, and was given two-and-a-half years to finish the 250-kilometer pipeline.

The pipeline, which will transmit between 350 and 500 million standard cubic feet of gas per day (MMSCFD), is intended to deliver gas from the Cepu block, which straddles the border between East and Central Java, and contains an estimated 1.7 trillion cubic feet of gas

Pertamina and the world's largest oil company, ExxonMobil, which jointly operate the Cepu block, had expected gas production to begin by 2009.

Ari said that the Semarang-Gresik pipeline would connect with the South Sumatra-West Java pipeline, and formed part of the government's master plan to establish a national gas pipeline linking Sumatra, Kalimantan and Java.

Separately, state-owned gas distributor PT Perusahaan Gas Negara (PGN) said it had delayed the commercial operation of two South Sumatra-West Java pipelines.

PGN is building two pipelines from gas-rich South Sumatra to Java, where demand is rising after high crude prices forced factories to switch to alternative fuels, including coal and gas.

The first pipeline from Grissik was scheduled to be completed in March 2007, and the second, transporting gas from Pagardewa, was expected to start operations in November last year.

PGN president Sutikno told Bloomberg on Friday that PGN would start piping gas from Pagardewa to customers in Cilegon in western Java at a rate of up to 40 million cubic feet a day in mid-February, instead of November.

The second pipeline would likely start transporting gas from fields in Grissik operated by ConocoPhillips in May, two months behind schedule, Sutikno added. --JP/Ika Krismantari



News Search/Filter
Transaction Rates
23 Jul 18
Buy
Sell
AED1
3,897.16
3,897.16
AFN1
196.36
196.36
ALL1
133.46
133.46
AMD1
29.81
29.81
ANG1
7,753.25
7,753.25
AOA1
55.94
55.94
ARS1
520.20
520.20
AUD1
10,637.91
10,637.91
AWG1
8,001.26
8,001.26
AZN1
8,407.81
8,407.81
BAM1
8,585.37
8,585.37
BBD1
7,157.15
7,157.15
BDT1
170.56
170.56
BGN1
8,585.32
8,585.32
BHD1
37,903.83
37,903.83
BIF1
8.01
8.01
BMD1
14,314.30
14,314.30
BND1
9,473.47
9,473.47
BOB1
2,085.79
2,085.79
BRL1
3,794.58
3,794.58
BSD1
14,314.30
14,314.30
BTC1
106,816,537
106,816,537
BTN1
209.15
209.15
BWP1
1,391.53
1,391.53
BYN1
7,213.66
7,213.66
BZD1
7,117.06
7,117.06
CAD1
10,910.17
10,910.17
CDF1
8.85
8.85
CHF1
14,443.85
14,443.85
CLF1
595,189.56
595,189.56
CLP1
21.66
21.66
CNH1
2,115.01
2,115.01
CNY1
2,117.84
2,117.84
COP1
5.00
5.00
CRC1
25.22
25.22
CUC1
14,314.30
14,314.30
CUP1
561.34
561.34
CVE1
151.55
151.55
CZK1
649.81
649.81
DJF1
80.40
80.40
DKK1
2,255.05
2,255.05
DOP1
288.71
288.71
DZD1
121.63
121.63
EGP1
801.06
801.06
ERN1
945.62
945.62
ETB1
517.50
517.50
EUR1
16,806.19
16,806.19
FJD1
6,777.77
6,777.77
FKP1
18,817.70
18,817.70
GBP1
18,817.70
18,817.70
GEL1
5,851.61
5,851.61
GGP1
18,817.70
18,817.70
GHS1
2,985.25
2,985.25
GIP1
18,817.70
18,817.70
GMD1
297.90
297.90
GNF1
1.57
1.57
GTQ1
1,909.23
1,909.23
GYD1
68.89
68.89
HKD1
1,823.60
1,823.60
HNL1
595.68
595.68
HRK1
2,269.44
2,269.44
HTG1
213.19
213.19
HUF1
51.65
51.65
IDR1
1.00
1.00
ILS1
3,939.05
3,939.05
IMP1
18,817.70
18,817.70
INR1
208.23
208.23
IQD1
12.07
12.07
IRR1
0.32
0.32
ISK1
134.87
134.87
JEP1
18,817.70
18,817.70
JMD1
109.72
109.72
JOD1
20,175.09
20,175.09
JPY1
128.88
128.88
KES1
143.20
143.20
KGS1
209.74
209.74
KHR1
3.52
3.52
KMF1
34.06
34.06
KPW1
15.90
15.90
KRW1
12.68
12.68
KWD1
47,312.67
47,312.67
KYD1
17,166.07
17,166.07
KZT1
41.58
41.58
LAK1
1.71
1.71
LBP1
9.47
9.47
LKR1
90.10
90.10
LRD1
93.40
93.40
LSL1
1,066.59
1,066.59
LYD1
10,446.91
10,446.91
MAD1
1,517.54
1,517.54
MDL1
863.31
863.31
MGA1
4.26
4.26
MKD1
272.33
272.33
MMK1
9.94
9.94
MNT1
5.86
5.86
MOP1
1,771.88
1,771.88
MRO1
40.20
40.20
MRU1
399.28
399.28
MUR1
417.81
417.81
MVR1
929.50
929.50
MWK1
19.70
19.70
MXN1
752.39
752.39
MYR1
3,524.39
3,524.39
MZN1
242.01
242.01
NAD1
1,066.59
1,066.59
NGN1
39.86
39.86
NIO1
451.69
451.69
NOK1
1,753.84
1,753.84
NPR1
130.72
130.72
NZD1
9,761.49
9,761.49
OMR1
37,187.55
37,187.55
PAB1
14,314.30
14,314.30
PEN1
4,370.78
4,370.78
PGK1
4,363.70
4,363.70
PHP1
270.08
270.08
PKR1
111.55
111.55
PLN1
3,890.20
3,890.20
PYG1
2.51
2.51
QAR1
3,931.31
3,931.31
RON1
3,600.38
3,600.38
RSD1
142.19
142.19
RUB1
225.79
225.79
RWF1
16.47
16.47
SAR1
3,816.79
3,816.79
SBD1
1,815.15
1,815.15
SCR1
1,057.85
1,057.85
SDG1
797.76
797.76
SEK1
1,617.84
1,617.84
SGD1
10,516.88
10,516.88
SHP1
18,817.70
18,817.70
SLL1
2.19
2.19
SOS1
24.91
24.91
SRD1
1,919.32
1,919.32
SSP1
109.88
109.88
STD1
0.68
0.68
STN1
675.20
675.20
SVC1
1,634.71
1,634.71
SYP1
27.80
27.80
SZL1
1,066.59
1,066.59
THB1
429.73
429.73
TJS1
1,530.83
1,530.83
TMT1
4,078.17
4,078.17
TND1
5,430.28
5,430.28
TOP1
6,154.20
6,154.20
TRY1
2,994.43
2,994.43
TTD1
2,125.37
2,125.37
TWD1
468.04
468.04
TZS1
6.27
6.27
UAH1
545.10
545.10
UGX1
3.85
3.85
USD1
14,314.30
14,314.30
UYU1
458.29
458.29
UZS1
1.83
1.83
VEF1
0.13
0.13
VND1
0.62
0.62
VUV1
131.21
131.21
WST1
5,520.57
5,520.57
XAF1
25.62
25.62
XAG1
222,393.88
222,393.88
XAU1
17,648,020.07
17,648,020.07
XCD1
5,296.59
5,296.59
XDR1
20,043.33
20,043.33
XOF1
25.62
25.62
XPD1
14,172,583.25
14,172,583.25
XPF1
140.83
140.83
XPT1
11,916,575.02
11,916,575.02
YER1
57.18
57.18
ZAR1
1,068.28
1,068.28
ZMW1
1,463.14
1,463.14
ZWL1
44.40
44.40
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services