Indonesia set to start Tangguh LNG China price talks

摘要

Jakarta-Indonesia expects to begin renego- tiating the Tangguh LNG price with China's CNOOC this month with the aim of raising prices from $3.50/MMBtu currently to $5-$6/ MMBtu, a senior official said January 5. "We expect CNOOC will be willing to raise the crude price ceiling...How much the ceiling will rise will depend on the renegotiations," Rudi Rubiandini, operations deputy chief at upstream regulator BPMigas, said.