USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

147

ConocoPhillips To Sell Gas to Indonesian Firm

US oil major ConocoPhillips has signed an agreement with Indonesian national gas transportation company

ConocoPhillips To Sell Gas to Indonesian Firm

US oil major ConocoPhillips has signed an agreement with Indonesian national gas transportation company PT. Perusahaan Gas Negara, to supply gas for delivery to the industrial market located in West Java and Jakarta.

The agreement was concluded between PGN and ConocoPhillips' wholly owned subsidiary, ConocoPhillips (Grissik) Ltd., for the supply of 2.3 trillion standard cubic feet of gas over a period of 17 years commencing in the first quarter of 2007.

The gas will come from the ConocoPhillips-operated Corridor Block PSC located in South Sumatra

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