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Pertamina & Gas Company 9 ASEAN Countries Agree to Create Buffer Stock Oil

Denpasar - PT Pertamina, the national oil company with 9 countries in South-East Asia Region plans to make oil stocks for the region in each country.

Plt. Pertamina president director Mohammed Hus en say in principle the plan has been approved by all oil and gas companies that are members of the ASEAN Council on Petroleum (Ascope), but not technical.

"So if a country other deficiencies that can transmit, and this has been seriously thinking about it," he said after the meeting Ascope met in Kuta, Thursday (11/27/2014).

According to him, the idea emerged as a form of solidarity among ASEAN member countries as well as improving the energy connectivity in the region as a joint effort maintaining durability, accessibility, affordability and sustainability of energy.

He asserted that each country will be budgeted to be used as a backup supply for the member states in distress can use the stock of other countries. With so resistance can be achieved regional energy sector.

However, he added, has not agreed to the concept of its use are based on calculations of buying and selling. Although technically not yet been agreed, the idea of ​​forming a regional oil stocks are very important.

If this idea is executed, Pertamina will prepare the necessary things to note there is permission from regulators related to it.

"If we wants the plan may soon be realized. Pertamina is committed to realizing energy security making it easier for each country to get access to energy resources," he explained.

Meanwhile, in addition to discussing regional stocks, also discussed the preparation of the Trans ASEAN Gas Pipeline Map which has a network of approximately 3,377 km of gas transportation, and equipped with the new information in the form of LNG in several countries

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