Multibillion-Dollar Energy Contracts Awarded

Multibillion-Dollar Energy Contracts Awarded

JAKARTA ~ The central government has awarded 37 energy contracts worth billions of dollars in total, reports said.

The contracts included exploration deals worth US$4.1 billion, domestic gas supply agreements worth $1.61 billion and oil and gas sector contracts amounting to $1.39 billion.
There were also 21 electricity supply contracts and amendments to coal deals at the meeting in f Java, local media reports said.

The projects were expected to create 26,000 jobs.

“From January to March, investment commitments in the energy sector have already reached $19.4 billion,” Energy and Mineral Resources Minister Purnomo Yusgiantoroso was quoted as saying at a signing ceremony.

“We are optimistic that by the end of 2007, the investment can rise further and exceed that in previous years,” he said.

Separately, President Susilo Bambang Yudhoyono inaugurated four projects by state oil and gas firm Pertamina, the reports said.

They included the development of two oil and gas fields, a fossil fuel transit terminal and a fuel depot.

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