Indonesia plans Tangguh renegotiations with CNOOC

摘要

Jakarta—Indonesia expects to start renegotiations with China’s CNOOC this month with the aim of raising the price of LNG supplied from the Tangguh project, which at $3.50/MMBtu is one of the lowest for Indonesian LNG. Indonesia’s upstream regulator SKK Migas’s Deputy Chairman for Commercial Control Widhyawan Prawiraatmadja said May 8 that SKK Migas has notified CNOOC over Indonesia’s intention to renegotiate the Tangguh LNG price.