Medco wants to supply more gas to PLN<\/p>\n
The Jakarta Post
\nJakarta<\/p>\n
Publicly listed energy company PT Medco Energi International is
\nseeking to increase its gas supply to state-owned electricity
\ncompany PLN as a source of energy both for existing power plants
\nand future ones.<\/p>\n
The two companies on Thursday signed a memorandum of
\nunderstanding (MoU) for this purpose. The MoU was signed by Medco
\npresident Hilmy Panigoro and PLN president Eddie Widiono.<\/p>\n
PLN's need for gas will continue to increase in the future as
\nthe company will develop new power plants.<\/p>\n
Additional power demand until 2005 in Java alone is projected
\nto be between 11,000 Mega Watt (MW) to 12,000 MW, and around
\n5,000 MW to 6,000 MW outside Java.<\/p>\n
Currently, Medco supplies 30 million cubic feet per day of gas
\nto PLN for power plants in Tanjung Batu, East Kalimantan, and in
\nHidralaya, in South Sumatra.<\/p>\n
But the company has quite abundant gas reserves, the
\nequivalent of between 900 million to 1 billion barrels of oil.<\/p>\n
Medco is also planning to set up a receiving liquefied natural
\ngas (LNG) terminal in Java to anticipate the development of the
\nMuara Tawar, Tanjung Priok, and Muara Karang power plants.<\/p>\n
The gas will come from Medco's gas field in Luwuk, South
\nSulawesi.<\/p>\n
Meanwhile, PLN vice president Eden Napitupulu was quoted by
\nKompas as saying that the state electricity company would provide
\ngreater opportunities for Medco as a national company to supply
\ngas to PLN, but it would not completely shut its doors to better
\noffers made by other gas companies.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/medco-wants-to-supply-more-gas-to-pln-1447893297",
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"sponsor": "Okusi Associates",
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