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vrijdag 2 juni 2017

Indonesië: PGN to receive additional gas supply from ConocoPhillips

PGN to receive additional gas supply from ConocoPhillips

State-run gas company PT Perusahaan Gas Negara (PGN) will get an additional supply of 37 billion British thermal units per day of natural gas from ConocoPhillips Ltd. President Director of PGN Jobi Triananda Hasjim noted in a statement here, Wednesday (17/5), that the additional supply of gas will be channeled to Dumai in Riau Province. The gas purchase agreement was signed by Hasjim and ConocoPhillips President and General Manager Bajian Agarwal on the sidelines of the Indonesian Petroleum Association convention on Wednesday (17/5).

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Investment saving balance of payments: BI

Investment has become the savior pushing Indonesia's balance of payments (BoP) into positive territory amid increasing imports and secondary income from abroad. In the first quarter, Indonesia recorded a US$4.5 billion surplus in the BoP, according to data from Bank Indonesia (BI). The $7.9 billion surplus in the financial account that came from transactions such as direct investments and portfolio investments has covered the $2.4 billion deficit in the current account, said the head of BI's statistics department, BoP analysis and reporting, Tutuk Setya Hadi Cahyono, in Jakarta over the weekend.

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