State-run oil and gas company PT Pertamina is currently negotiating the extension of its natural gas supply contracts with a number of gas companies in Japan, according to its Chief Ari Soemarno.
Soemarno said Japan had asked Indonesia to guarantee the continuity of its energy supply, which Japan needed to keep its industries in operation as well as to meet the need of its public activities. Most energy contracts between Indonesia and Japanese companies are due to end in 2011, while Indonesia had hinted it intended to reduce its gas exports to Japan in order to meet increasing domestic demand.
The results of the negotiations with the Japanese gas companies would be reported to Energy and Mineral Resources Minister Purnomo Yusgiantoro, who would arrive in Tokyo for a visit soon.
After signing an agreement to provide funds for the rehabilitation of an Indonesian school in Tokyo, Soemarno commented, “Pertamina`s vice president director is now in Osaka for the negotiations. We don`t know the results yet, maybe we will tomorrow.”
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