Premier Oil to sign gas deal with Indonesia`s PLN

Under the planned head of agreement, Premier would supply 149 trillion British thermal units (BTU) of gas to PLN over a 15-year period, the watchdog, BP Migas, was quoted by Reuters as saying in a statement.

The watchdog also said that another group of foreign firms, including Total SA, Vico Indonesia, Chevron Corp, and Italy's Eni, would sign a joint deal to supply 726 trillion BTU of gas to an Indonesian fertiliser firm, PT Pupuk Katim, over a 10-year period.

In addition, Indonesia's largest listed energy company, PT Medco Energi Internasional Tbk, is due to sign a supply agreement with another fertiliser firm, PT Pupuk Iskandar Muda.

Under the deal, Medco would supply 223 trillion BTU of gas to Iskandar Muda over the 6-7 year term of the contract.