Equityworld Futures, Jakarta in Indonesia known gas price is expensive, so that industry often complains. When compared with the price of the exported gas, local gas prices is considered cheaper.
Head of Public Relations Special Unit of the Upstream Oil and Gas (SKK Migas) Taslim Z Yunus said the price of gas supplied from gas wells to the user in the I ndonesia still relatively cheap at under US $ 6 per MMBTU. However, not to for gas pipeline exported to Singapore at US $ 9 per MMBTU. "The price of gas pipeline under US $ 6, except in Singapore, is expensive," said Taslim, in Jakarta, Wednesday (02/14/2017). According Taslim, gas prices exported to Singapore is more expensive when compared to other countries like the United States, the price of gas pipe is much lower, which is about US $ 3 per MMBTU. The high price of gas in Singapore because the price formation is associated with the movement of oil prices k the world and not based on the economics of the mouth of the well. "Because it is associated with the oil price, the price is calculated not from the upstream. It was in Singapore so the price of our gas to Singapore the most expensive gas prices in the world," said Taslim. Taslim said gas exported to Singapore contract will expire in 2023. The gas will come from the West Natuna operated Medco Premier and Energy Star. "That's from the West Natuna. The price is $ 9 per MMBTU," Taslim lid. read Shares of Wall Street Print Record On Strengthening Support Banking Stocks | Equityworld Futures
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