Gas Negara Official: Interested To Buy Stakes In Tangguh Block
17 Junio 2010 - 7:41AM
Noticias Dow Jones
Indonesian state-owned gas distributor and producer PT
Perusahaan Gas Negara (PGAS.JK), or PGN, is interested in acquiring
stakes in the Tangguh gas block operated by BP PLC's (BP) local
unit, in order to secure more supply, PGN's Chief Executive said
Thursday.
Due to the oil spill in the Gulf of Mexico, "they might have
financial burdens, so if there's a window of opportunity to acquire
stakes in Tangguh, we are interested," Hendi Prio Santoso told
reporters.
PGN said in February that it has set aside about IDR3.4 trillion
($370 million) this year to acquire stakes in several gas producers
in Indonesia in a bid to meet expected higher future demand.
Santoso said PGN is currently conducting due diligence process
for some gas blocks, but didn't elaborate.
-By Linda Silaen, Dow Jones Newswires; 62 21
39831277;andreasismar.sandiwan@dowjones.com