S'pore denies RI gas problem

S'pore denies RI gas problem

SINGAPORE (Dow Jones): Singapore Power Friday denied industry
reports that talks on a second Singapore-Indonesia natural gas
agreement had stalled over a disagreement on prices.

"Talks are progressing," said Singapore Power spokeswoman
Alice Ong. "Nothing is settled yet."

Pertamina Senior Vice President and Director Priyambodo
Mulyosudirjo was reported Thursday as saying that Pertamina would
have to reconsider the Pertamina-Singapore Power natural gas
agreement because Singapore Power wants to buy a smaller volume
of gas than originally discussed.

Priyambodo said both state-run Pertamina and Perusahaan Gas
Negara, Indonesia's state gas company, would have to raise their
gas prices because of the smaller volume, according to industry
reports.

Pertamina officials couldn't be reached for comment.

When asked if there was any truth to reports that Singapore
Power's PowerGas unit and Pertamina were haggling over prices,
Ong said: "We're still in discussions. I guess all discussions
include prices."