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ExxonMobil unit to sell Cepu natural gas to Indonesia

02/15/2010
By Eric Watkins
A unit of ExxonMobil Corp. has signed a memorandum of understanding to supply natural gas from its Cepu Block to Indonesia's state-owned power utility PT Perusahaan Listrik Negara (PLN) and state gas distributor PT Perusahaan Gas Negara (PGN)."The MOU was signed last year. PLN will use the gas for its power plants and PGN for the city gas project," ExxonMobil Indonesia spokesman Maman Budiman told a hearing with the House of Representatives Commission VII, which is overseeing the country's energy and mineral resources.Maman said the gas will be produced from Cepu Block's Jambaran field, which has reserves estimated at 1.3 tcf, all of it to be allocated to the two state-owned ent...
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