CNOOC wants to
\nbuy LNG from RI<\/p>\n
JAKARTA: China's CNOOC Ltd. (CEO) is interested in buying 30
\nmillion metric tons a year of liquefied natural gas from
\nIndonesia starting in 2010 to meet China's rising energy needs
\nresulting from its robust economic expansion, an Indonesian
\nofficial said on Monday.<\/p>\n
Iin Arifin Takhyan, director general of oil and gas at the
\nMinistry of Mines and Energy, said CNOOC had indicated its
\ninterest in purchasing the LNG during a visit by Indonesia's Vice
\nPresident Jusuf Kalla and a number of senior government officials
\nto China last week to promote investment opportunities here.<\/p>\n
"CNOOC will also study the possibility of building an LNG
\nplant in East Kalimantan," Iin told Dow Jones, without
\nelaborating.<\/p>\n
Indonesia has agreed to supply 2.6 million tons of LNG a year
\nover a 25-year period from the Tangguh plant in West Papua to
\nChina. The plant, to be built at a cost of US$6 billion, will be
\ndeveloped by a consortium led by BP Plc. (BP).-- Dow Jones<\/p>\n
;AP;
\nANPAf..r..
\nBrief-Germany-Volkswagen
\nVW to cut jobs among 'several thousand' surplus German employees
\nJP\/14\/Brief<\/p>\n
VW to cut
\njobs in Germany<\/p>\n
BERLIN: Volkswagen AG said on Monday it plans to cut its work
\nforce in Germany, complaining that its factories have "several
\nthousand" surplus employees, despite rising demand for its cars.<\/p>\n
Volkswagen said it would extend an existing early-retirement
\nprogram to more workers and that others would be offered
\ntermination packages to persuade them to leave.<\/p>\n
The Wolfsburg-based company, which has agreements with labor
\nunions that rule out firing any workers in Germany until 2011,
\ndid not say how many jobs would go or when.<\/p>\n
"Despite rising sales, the Volkswagen Group still has
\nconsiderable over-capacity," a VW statement said. "These measures
\napply to employees in all areas, including senior managers."<\/p>\n
VW suggested the cuts could be made largely at its flagship
\nplant in Wolfsburg, even if it is chosen to produce a new compact
\nsports utility vehicle.-- AP<\/p>",
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"sponsor": "Okusi Associates",
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