The ministry also reported investment in the oil and gas sectors estimated to reach 7.5 billion US dollars this year and will set a fantastic increase from 5.3 billion dollars last year.
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Indonesia To Boost Gas Output
Indonesia has targeted to increase natural gas output
Indonesia has targeted to increase natural gas output to 10 billion cubic feet per day in 2005, higher than the estimate of 8.8 BCFD this year, to increase in natural gas reserve from123.6 trillion cubic feet to 178.13 trillion cubic feet.
The government projected even bigger gas output after 2005 with the operation of new gas fields in Papua, East Kalimantan and Central Sulawesi, the newspaper said, quoting a report from the Ministry of Energy and Mineral Resources.
The ministry also reported investment in the oil and gas sectors estimated to reach 7.5 billion US dollars this year and will set a fantastic increase from 5.3 billion dollars last year.
The ministry also reported investment in the oil and gas sectors estimated to reach 7.5 billion US dollars this year and will set a fantastic increase from 5.3 billion dollars last year.
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