KONTAN.CO.ID - JAKARTA. State-owned subholding gas company PT Perusahaan Gas Negara (PGN) has expressed its interest to absorb the gas output from a multibillion dollar gas project in the Masela Block in the Arafura Sea. PGN commercial director Danny Praditya said on Monday the company had discussed its interest with the block's operator, Japanese energy firm Inpex Corp, but that a deal was yet to be reached. "We have discussed where we will distribute the gas, how much we will invest and how much we want to buy [from the Masela Block]," he said. He added that production from the Masela Block was sufficient to fulfill the country's gas demand but that the company would still carry out a profitability study before making a decision.
PGN mulls buying gas from Masela Block
KONTAN.CO.ID - JAKARTA. State-owned subholding gas company PT Perusahaan Gas Negara (PGN) has expressed its interest to absorb the gas output from a multibillion dollar gas project in the Masela Block in the Arafura Sea. PGN commercial director Danny Praditya said on Monday the company had discussed its interest with the block's operator, Japanese energy firm Inpex Corp, but that a deal was yet to be reached. "We have discussed where we will distribute the gas, how much we will invest and how much we want to buy [from the Masela Block]," he said. He added that production from the Masela Block was sufficient to fulfill the country's gas demand but that the company would still carry out a profitability study before making a decision.