One agreement Gas Trading [PJBG] and two amendments of Gas Trading Agreement worth USD 895.7 million was signed on [Friday, 28/8]. The gas Trading Agreement was between Pertamina Gas Medco Gas Indonesia and JOB Pertamina Medco E&P Simenggaris. Two Amendments of Gas Trading Agreement was between PT PLN and Kalla [Bentu] Ltd and between TAC Pertamina Semco.
The Agreement on Gas Trading [PJBG] between the Consortium of Pertamina Gas-Medco and JOB Pertamina Medco E&P Simenggaris worth USD 216.57 million had been signed by the President Director of Pertamina Gas, Suharyanto and the President Director of PT Medco Gas Indonesia, Yunar Panirogo who represented buyer and seller; Director of PT Pertamina Hulu Energy Simenggaris, Edy Purnomo and President Director of PT Medco E&P Simenggaris, Budi Basuki.
Amendment of the first Gas Trading Agreement [PJBG] was signed by the President Director of PT PLN (Persero), Fahmi Mochtar, Chief Executive Officer PT Kalla [Bentu] Ltd Imam P. Agustino and Amendment of the second Gas Trading Agreement [PJBG]. President & CEO Vico, Craig Steward and President Director of PT Pertamina E&P, Salis Aprilian.
By the signing of the PJBG Agreement, JOB pertamina Medco E&P Simenggaris would supply gas to the amount of 20 BBTUD for 11 years which would be used for industry in Kalimantan to the Consortium of Pertamina Gas-Medco Gas.
Signing of the first Amendment of PJBG was carried out between PT PLN with Kalla [Bentu] Ltd involving a contract worth USD 678 million, whereby Kalla [Bentu] Ltd was obliged to supply gas to the amount of 15-30 BBTUD for 12 years to PT PLN to fulfill the need for gas in the region of Pekanbaru, Riau.
The second amendment of Gas Trading Agreement [PJBG] was signed between Vico and TAC Pertamina Semco for a contract worth USD 0.69 million, whereby TAC Pertamina Semco has the Obligation to supply gas to VICO amounting to 1 BBTUD for 6 months.
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