TNB begins contract price negotiations for price cut

摘要

Malaysia's TNB Fuel has begun 2003 price negotiations with its long-term suppliers from Australia and Indonesia, hoping to obtain a price cut of up to 10, a source said. "TNB Fuel and the suppliers have started some correspondence" about 2003 contract pricing, he said. The expectation is for TNB to obtain a price discount of between 7 percent and 10 percent for their long-term contracts. "I don't know if TNB can get 10 percent, but the minimum should be around 7 percent," the source added.