When ID official say try, I think there is no term in the contract allowing for negotiations. so, why do we need the contract in the first place?
What will happen if they cant get what they want?
This thinking will damage the reputations of ID!
guys, pl dunt say anythings too radical .i dunt want MOD close the thread.
This is not a small matter when the news is broken by MM to a international audience.
THis creates a bigger impact and obviiously will do no good to Indonesia fame!
u guys try to follow up how international medias report this news.
by Anita Nugraha
Indonesia plans to renegotiate its gas supply deal with Singapore, for a contract which expires in 2020, in order to reduce the volume of exports so that it will be able to meet rising domestic demand, coordinating economy minister Hatta Radajasa told reporters late Wednesday on the sidelines of a parliamentary hearing.“I have ordered the energy ministry and [upstream regulator] BPMigas to renegotiate the contracts, though we may not achieve what we want,” Radajasa said. “I don’t want to breach the contract, but we have to try any possibilities,” he added...
below--title--Singapore to buy natural gas from Qatar , by Rachel Chang,STimes
SINGAPORE will be importing liquified natural gas from Qatar and storing it in a facility currently under construction on Jurong Island.
Minister Mentor Lee Kuan Yew confirmed the country's plans to diversify its gas supply, currently made up of gas piped in from Malaysia and Indonesia, during a dialogue session on Tuesday.
The partnership with Qatar, the world's biggest natural gas producer, comes amid uncertainties with the current suppliers, said Mr Lee during the session, which was part of the Singapore International Water Week and World Cities Summit 2010.
'We are buying gas from our neighbours, they are thinking of upping the price in spite of the contract,' he said to an audience of 700 senior officials and delegates.
Earlier this month, Indonesian government officials announced in Parliament a decision to renegotiate Indonesia?s natural gas export contracts with Singapore, due to its own domestic gas needs.
Singapore's partnership with Qatar has been anticipated ever since the Gulf emirate's Qatar Petroleum International bought into Petrochemical Corporation of Singapore last November.
The $1.5 billion LNG terminal on Jurong Island, due to be completed in 2013, will be able to store more than six million tonnes per annum.
mm