The Signing of Seven Sale Gas Agreements in the 42nd IPA Convention and Exhibition Closing (Credit: PT Perusahaan Gas Negara (Persero) Tbk).

JAKARTA (TheInsiderStories)—Indonesian government is expecting get an additional revenues Rp1.49 trillion (US$111.08 million) from the signing of seven gas sale agreements involving major producers and off-takers in the country, said one government agency. The gas sale agreements have been signed on Friday (4/5) in Jakarta.

Head of Special Task Force for Upstream Oil and Gas Business Activities Amien Surnayadi said in a press statement that the total volume of gas supplied during the contract period from the seven agreements will reach 65.41 trillion British Thermal Units (BTU).

These, will be supplied the domestic demand for the fertilizer industry, oil lifting, refinery, electricity, city gas, and industries. The domestic gas supply for domestic grew by 7.37 per cent in the last 14 years.

According to the Ministry of Energy and Mineral Resources data, the gas production in Indonesia mostly uses to fulfill domestic demand. Based on February data, it reached 3,860 Billion BTU per Day (BBTUD) or 58 percent of total consumption and another 42 percent or 2,738 BBTUD use for export.