CBM Asia to sell Indonesia Coalbed Methane Gas
CBM Asia Development Corp has announced that project operator Medco Energi Internasional, has signed an agreement with Indonesia’s upstream oil and gas regulator, BPMigas, to conduct the sale and purchase of coalbed methane gas.
This gas would be produced during dewatering at the Sekayu PSC (production sharing contract) in Indonesia.
The Sekayu CBM PSC has been approved by Indonesia's upstream oil and gas regulator, BPMigas, to sell coalbed methane produced during the dewatering stage for local power generation. The parties involved are working to define terms of a Gas Sales and Purchase Agreement