BP Indonesia clarifies<\/p>\n
Allow me here to give some input with regards to the news
\ncoverage from The Jakarta Post dated June 9, 2003, titled Gas
\nshortage to exacerbate power woes on Java, on page 1.<\/p>\n
In the sixth column of the article, in the last paragraph, it
\nis written that BP has a monopoly right to supply 600 MMSCFD gas
\nto regional customers until 2010. Other companies are not
\npermitted to supply gas to the market unless the gas demand does
\nnot exceed more than 600 MMSCFD.<\/p>\n
It is true that in our gas supply contract it is stated that
\nKangean PSC has preferential rights to supply the East Java
\nmarket if there is available gas reserves and deliverability and
\nthe gas price is competitive. If Kangean PSC does not have enough
\ngas then any PSC can supply the market. Or if any PSC can offer a
\nlower price then they can supply the market.<\/p>\n
We do not view this preferential right as a monopoly right. In
\nfact, other gas producers (Kodeco and Lapindo Brantas) have been
\nsupplying gas to customers in East Java without having to ask BP
\nKangean Ltd. It is also true that in 2001 we formally agreed to
\nwithdraw the preferential rights. The existing gas contract is
\nbeing revised.<\/p>\n
Therefore, we wish that in the future the issue of monopoly or
\npreferential rights not be mentioned if the Post writes about our
\noperations in the Pagerungan gas field, Kangean block, East Java.<\/p>\n
SATYA W. YUDHA, Vice President of Government and Public Affairs,
\nBP Indonesia, Jakarta<\/p>\n
Note: Thank you for your clarification. --Editor<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bp-indonesia-clarifies-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }