07-06-2013, 11:50 PM
When you post articles, please look into the details Tree. On this one, you'll find out that CNOOC is a major JV Partner in Tangguh LNG. That's why they get the gasfrom the project at a discounted "wholesale price" relative to the retail offtakers who pay on a slope + offset formula relative to the Japan Crude Cocktail.
The Tangguh project is operated by BP Indonesia with a 37.16% interest. Other partners are CNOOC (13.9%), MI Berau B.V. (16.3%), Nippon Oil Exploration (Berau) Ltd. (12.23%), KG Berau/KG Wiriagar (10%), LNG Japan Corporation (7.35%) and Talisman (3.06%).
Bink is Happy
EOM
The Tangguh project is operated by BP Indonesia with a 37.16% interest. Other partners are CNOOC (13.9%), MI Berau B.V. (16.3%), Nippon Oil Exploration (Berau) Ltd. (12.23%), KG Berau/KG Wiriagar (10%), LNG Japan Corporation (7.35%) and Talisman (3.06%).
Bink is Happy
EOM
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