(TheIndoDaily.com) – Oil and gas company NuEnergy announced on Wednesday that the company and Indonesia’s gas distribution firm PT Perusahaan Gas Negara Tbk (IDX:PGAS) had finalized the terms of the Gas Sales and Purchase Agreement (GSPA) under the guidance of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) on Dec. 31, 2024.
This was a follow-up of the Heads of Agreement (HoA) for the sale and purchase of coal bed methane between NuEnergy (as the seller) and PT Perusahaan Gas Negara (PGN), a leading natural gas distribution player in Indonesia and a subsidiary of PT Pertamina (as the buyer).
On Dec. 18, 2024, SKK Migas, following its review, submitted NuEnergy’s application for gas allocation and price determination to the Ministry of Energy and Mineral Resources (MEMR) for approval. Once MEMR grants the necessary approvals, NuEnergy and PGN will proceed with the signing of GSPA.
About Tanjung Enim PSC
- Location: South Sumatra, Indonesia
- NuEnergy Participating Interest: 45%
- Operator: Dart Energy (Tanjung Enim) Pte Ltd (DETE) – a subsidiary of NuEnergy
NuEnergy is an independent clean energy company focused on developing Indonesian unconventional gas assets.
NuEnergy was established to provide investors with superior value by safely, reliably, and sustainably supplying clean energy to meet the growing energy demands in Indonesia, one of the world’s fastest-growing economies and energy-consuming markets.
At present, NuEnergy holds four onshore coal bed methane (CBM) Production Sharing Contracts, across South Sumatra, Indonesia.
(RK)