Jan.... local Governor gives students approval for public demonstrations highlighting PT EEES social responsibility while ignoring subsidised power provision by PT EEES at less than half comparable world market rate using normal world market cost equipment.
~~~~~ BP Migas reject all notions of exporting gas for incorrect paperwork reasons. Coincidentally this is also while the cost price remains below market price. BP Migas are an executing authority only of the RI Energy Ministry, not a policy authority.
~~~~~ EWC digs high heels in waving an old piece of paper with a pink elephant stamp on it saying they can flog off however much gas they like without regard to cost price and they have the shipping containers on the way to prove it.
~~~~~ BPMigas urge gas price review for PT EEES after students halt part gas supply to generator.
~~~~~ Tokyo Gas duped into absorbing unwanted stock after smiles and snacks in Sydney with SBY economic diplomatic staff.
~~~~~ BPMigas announce surplus of LNG they need export buyers for.
~~~~~ LNG production project announced for Sulawesi in favour of Mitsubishi who have been stalled for two years in their attempts to start.
~~~~~EWC website originally mooted for 2008 is launched with original 2008 content.
~~~~~~ two weeks ago.. students still agitating at local governors election ticket behest for $ for local facilities re PT EEES DBH....
~one week ago.. RI govt representative of South Sulawesi gives parliament notice that gas price review still required within 3 month period agreed to in preliminary negotiations.
Questions remaining.... how fast can you raise the price of elec in Sulawesi to cover the revised gas price without causing the students to rampage. ?
Are exports of LNG required to subsidise this shortfall and to boost Indonesia's economy ?
Who is going to process the gas for this ?
How does this export of LNG sit with Indonesia's current conservation and non-exploitation policy on natural resources. ?
Why did El Paso sell their share of the generator to EWC. ?
Sometime up to August we might know whether Tokyo Gas will get their LNG within the next two years and also whether the Quezon receiving terminal is likely to be a part of that, or whether we are better off going fishing in PNG.
meanwhile back at secret squirrel society's headquarters, mums the word as it's yum cha time....
EWC Price at posting:
42.5¢ Sentiment: None Disclosure: Held
